Answer:
Explicit costs are the monetary costs that a business incurs when it makes a payment, either in the form of wages, or taxes, or to manufacturers, etc.
Implicit costs are the opportunity costs that arise when businesses give up on other options when making a choice. They are not represented by any actual payments.
In this case, we have the following explicit costs:
$420,000 paid to the manufacturer
$247,000 paid in wages and utility bills
And we have the following implicit costs:
$9,000 in rent per year if Hubert rented out the local
$32,000 per year if Hubert worked as a financial advisor
100 percent true.
there is the answer
The answer is negotiable order of withdrawal or short for
the acronym NOW. The acronym NOW, when it is used in terms of financial institutions,
in stands for Negotiable Order of Withdrawal, it is a type of interest-grossing
checking account wherein a patron or customer is allowed to create drafts
against cash held on deposit or in short words, the owner of the account can
write an unlimited amount of checks for drafts or to be used.
The answer is A, occur when a taxpayer's income tax withholding exceeds what they owe.
People often have different expectations. If people have rational expectations, the sacrifice ratio could be much smaller than suggested by the short-run Phillips curve is a false a statement.
- The sacrifice ratio is said to be smaller than suggested by former estimates. The short-run phillips curve will ten to shift downward and the economy would reach low inflation very fast.
Rational expectations is known to be an economic theory. It simply states that when making decisions, individual agents will capitalize their decisions on the information that is best and available and they also learn from past trends.
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