All categories

3 years ago

An example of an explecit cost of production would be

Business

2 answers:

vfiekz [6]3 years ago

8 0

Answer:

The cost of renting capital equipment like machinery for a business or the salaries paid to workers.

Explanation:

An explicit cost is an expense that is actually incurred by the business, meaning cash outflow. These costs are incurred to ensure that the business continues operating and the cash outflow reduces the cash balances of the business. Examples of such costs are like rental expenses and salary expenses. An implicit cost is the best alternative use of cash by the business that is not taken. An example would be: a business uses its cash to buy inventory instead of investing in fixed income securities. In this case, the implicit cost of using its cash resources is the foregone interest income that could have been earned from the interest bearing securities.

Pavel [41]3 years ago

3 0

An example would be
The Cost of flour for a baker

You might be interested in

Computers are typically protected from viruses by the use of

attashe74 [19]

They are protected by the used of a firewall.

6 0

3 years ago

Read 2 more answers

What is the economic term used for sustained increase in the price of goods and services

Shkiper50 [21]

Answer:

Inflation

Explanation:

Inflation refers to a situation of a general increase in the prices of goods and services in the economy. As prices of goods and services rise, the cost of living goes up. Inflation results in the purchasing power of currency to diminish.

Economist uses the consumer prices index to determine the rate of inflation. Inflation means a basket of goods and services will cost more today than it did in the prior period. Rapid economic growth that results in too much money in circulation causes inflation.

3 0

2 years ago

In a nutritious diet, the foods provide sufficient quantities of essential nutrients, fiber, and energy to maintain health and b

Sedbober [7]

Answer:

b. balance

Explanation:

According to my research on studies conducted by various nutritionists, I can say that based on the information provided within the question this principle of diet planning is called balance. This is the process of choosing different ingredients or foods that give you all the necessary essentials needed to maintain a balanced health and body weight.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0

3 years ago

Trident Office is considering remodeling the office building it leases to Robert Roberts, CPA. The remodeling costs are estimate

mezya [45]

Answer:

$59,309

Explanation:

Years Cash flow PV Factor at 10% Present value of cash flows

0 225,000 1.00000 225,000

1 75,000 0.90909 68,182

2 75,000 0.82645 61,983

3 75,000 0.75131 56,349

4 75,000 0.68301 51,226

5 75,000 0.62092 <u>46,569</u>

Benefit of remodeling project <u>$59,309</u>

Note: Year 0 PV factor = 1/(1+10%)^0 = 1

4 0

3 years ago

Jose owns a dog whose barking annoys Jose's neighbor Amy. Suppose that the net benefit of owning the dog is worth $400 to Jose a

Alex Ar [27]

Answer: Jose has to pay $600.

Explanation:

Jose has to pay $600 to Jane for her inconvenience.

In Accordance with Coase theorem, when two conflicting parties exist, one has to ‘buy the right’ from the other party.

Which In this scenario or case, Jane has the ‘right to prevent Jose from having a dog’.

Thus, Jose has to pay compensation to Jane so that he can keep his dog and at the same time Jane is also compensated for the inconvenience which may arise later.

5 0

3 years ago

Read 2 more answers