Answer:
Yes I think it does. News channels can be saying different opinions.
No I do not. People would like to hear the whole story.
Explanation:
Answer:
$24,300
Explanation:
The total economic cost is the cost of doing something or buying an item along with the opportunity cost of doing something else.
Total cost= Monetary cost + Opportunity cost
Opportunity cost is defined as the forgone alternative when an individual performs an action.
In this scenario the monetary cost of the car is the maintenance of gasoline and oil. That is 200+ 100= $300
The opportunity cost is the amount the car would have been sold for, which is the forgone alternative. That is $24,000
Therefore
Total cost= 300+ 24,000
Total cost= $24,300
Answer:
Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.
Explanation:
Answer:
$20
Explanation:
Marginal cost is the extra cost incurred in order to produce and additional unit of a product.
Marginal product is an additional unit obtained from an extra unit of input.
From the question;
Variable cost per unit of labor = Marginal cost of labor = $20
Marginal product of labor = $2
Therefore, the marginal cost of production when the firm hires 5 workers is variable cost per unit of labor which is $20.
Indirect labor cost include administrative assistant salary. (second option)
<h3>What is
Indirect labor cost ?</h3>
Indirect labor cost is the cost of labor employed t that is not directly involved in the production of goods or the delivery of services.
Indirect labor cost is the wages or salary that is paid to employees whose duties enable other employees to produce goods and render services. An example of such employees are the administrative staff. Thus, the wages paid to administrative staff would constitute indirect labor cost.
In contrast, direct labor cost is the wages paid to labor that is directly involved in the production of goods or providing of services. e.g. factory security guard wages.
To learn more about indirect costs, please check: brainly.com/question/23896706
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