Answer:
The annual explicit costs for the firm is $310,000.
Explanation:
Explicit cost refers to the cost of the resources purchased by firm from outsiders.
Calculate the annual explicit cost -
Annual explicit cost = Wages and salaries + Materials + New equipment + rented property + interest cost on capital
Annual explicit cost = $150,000 + $75,000 + $30,000 + $20,000 + $35,000
Annual explicit cost = $310,000
Thus,
The annual explicit costs for the firm is $310,000.
Answer:
Organizations and managers should pay close attention to fair employment practice so as to reduce the level of incompetent staffs at work.
Explanation:
If you ask the business if you can use their photo and then say you can then they can’t sue you for copyright.
If you take the photograph and don’t ask you can be sued.
I don’t think you will ever own the photograph unless the business signs the rights over to you
Not 100% sure but I hope this helps :)
No because there are monopolies that make the economic firm more efficient for the economy and some tat make the firm less efficient .And a monopoly is the control of supply or trade in a commodity or service.