Economists consider both explicit and implicit costs when measuring economic profit

1 answer:

7 0

Explicit and Implicit costs should be considered when measuring economic profit because a business must cover its opportunity costs as well as its out-of-pocket expenses to be truly profitable. Economic profit consists of revenue minus implicit (opportunity) and explicit (monetary) costs. Explicit costs are monetary costs a firm has. Implicit costs are the opportunity costs of a firm’s resources.

You might be interested in

Which generic action option is an outgrowth of affirmative action programs and attempts to either increase or decrease the numbe

ValentinkaMS [17]

It should be noted that the generic action option that serves as outgrowth of affirmative action programs is include/exclude action.

This generic action option gives attempts in increasing or decreasing the number of diverse people throughout an organization .

<h3>What is generic action option?</h3>

generic action can be regarded as an action which serves as generic delegate that is present in System namespace.

Learn more about generic action option at:

brainly.com/question/12851463

4 0

2 years ago

The director of marketing has asked the app builder to create a formula field that tracks how many days have elapsed since a con

olya-2409 [2.1K]

Answer:

D. Today()

Explanation:

Date value function: This function converts the date form into the text form. For example, The date is 21/08/2019 so, this function coverts August 21, 2019.

Now function: This function shows the current date and the time which is actually shown in the computer system.

Date function: In this function, we take the month, date, and the year simultaneously, so that it can become the valid date.

Today function: This function works when the user wants the date of a particular thing. It can be the current date, backdate or forward date

So, in the given situation, the director wants how many days have elapsed, so for this, we use the today() function.

5 0

3 years ago

A corporate bond matures in one year. The bond promises a $50 coupon and a principal payment of $1,000 at maturity. If an invest

makvit [3.9K]

Promised yield = 1050/938.10 = 11.93%

6 0

3 years ago

Complete the following statement with the correct answer. ___________ is a supply chain strategy which recognizes that all items

ahrayia [7]

Explanation:

supply chain types: efficient, fast, continuous-flow, agile, custom-configured, and flexible

7 0

3 years ago

Jayda started a corporation that creates software products for clients. Which statement correctly reflects Jayda’s role in the c

Scilla [17]

Answer:

C. Jayda may choose to trade the corporation’s shares as common stock.

Explanation:

4 0

3 years ago