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Lisa [10]
1 year ago
10

in the long-run which of the following is true? a. total cost equals fixed cost plus variable cost. b. the size of a firm's phys

ical plant can be changed but the firm cannot adopt new technology. c. there are no fixed costs. d. the firm can vary its explicit costs but not its implicit costs.
Business
1 answer:
gizmo_the_mogwai [7]1 year ago
6 0

Since there are no fixed costs in the long run, choice (c) is the correct one.

<h3>What is implicit cost?</h3>

You make the decision to forgo receiving a salary during the first two years in order to assist cover starting costs. Any expense that has already happened but isn't always shown or reported as a separate charge is considered an implicit cost. It stands for an opportunity cost that develops when a business commits internal resources to a project without receiving any direct payment in exchange. In the field of economics, an implicit cost, also known as an imputed cost, implied cost, or notional cost, is the opportunity cost corresponding to what a company must forgo in order to employ a factor of production that it already owns and is therefore not subject to rental fees. In contrast, an explicit expense is one that is paid for up front.

<h3>Which is not an implicit cost?</h3>

Employee salaries serve as a direct variable cost that is dependent on the level of production; as such, they are an accounting expense rather than an implicit one.

To know more about Implicit Cost visit:

brainly.com/question/15849018

#SPJ4

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Why is hazard city at more risk for lahars than hutton or wrightstown, even though they are closer to lava mountain than hazard
Gennadij [26K]

The reason why Hazard City is more at risk for lahars rather than the Hutton or Wrightstown is because lahar follow a stream channels in which made Hazard City more at risk rather than Hutton or Wrightstown that is more closer to the lava mountain.

6 0
3 years ago
If you were a politician, why would you find it difficult to remove a binding price ceiling? because it greatly benefits firms,
WITCHER [35]

Answer:

The correct answer is: because it benefits some consumers who are voters.

Explanation:

A politician will be concerned about his votes. He accordingly will make policies to appease voters.

A price ceiling keeps price level from rising beyond a certain limit, thus consumers will be able to consume at lower prices.

Removal of price ceiling may hurt these consumers as they will need to pay higher prices.

These consumers are also voters and politician do not want them to be favored by them.

So, the politician will find it difficult to remove a binding price ceiling.

7 0
3 years ago
Bailey Hill Co. uses the indirect method to determine its net cash flows from operating activities. During the course of the yea
bazaltina [42]

Answer: d. subtraction of $42,000.

Explanation:

An increase in Current Assets such as Accounts Receivable is considered to be a cash outflow because it means that more assets were not converted to actual cash.

A decrease in Current Liabilities is a cash outflow as well as it means that the company used cash to pay off these liabilities thereby reducing the cash balance.

Combined Effect is therefore = -28,000 - 14,000

= -$42,000

4 0
3 years ago
In the leadershio grid employees preferred which of the following styles?
Greeley [361]

Answer:

C. middle of the road management

Explanation:

Leadership grid refers to a situation when a leader put too much emphasize on one part of the operation while neglecting the others. In the end, this will reduce the overall's productivity.

Example of leadership Grid:

When managers force the employees to work overly long hours every day because they believe it will bring more profit for the company. But in the end, the employees felt a burn out and many of them eventually quit or  become too tired to be fully productive.

To handle leaderships grid, middle of the road management tend to be preferred.

The reason for this is that middle of the road management tend to implement balanced concern between the business and the people who work in it. This management will create a schedule that allow the employees to fulfill the needs in their personal life and career.  In the long run, this will create a positive environment in the workplace and improve the productivity as a whole.

3 0
3 years ago
This is called brainer now. A posting service better that twitter.
Crazy boy [7]
.jehrwkbdjaa es geiebsjdgwjvsks née
3 0
3 years ago
Read 2 more answers
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