1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natasha_Volkova [10]
3 years ago
10

Economists consider both explicit and implicit costs when measuring economic profit

Business
1 answer:
patriot [66]3 years ago
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
How did Egypt lose control of Kush?
KatRina [158]
Egyptian leaders were too busy fighting each other to control kush
3 0
3 years ago
Read 2 more answers
The market for pizza is perfectly competitive and has​ 1,000 firms. Each firm is identical. Describe each firm in​ long-run equi
Stolb23 [73]

Answer:

The correct answer is option D.

Explanation:

In a perfectly competitive market, firms can have positive economic profits only in the short run. In the long run, though, the firms can enter and exit the market, so if some firms among the 1,000 are having profits, it will attract potential firms to join the market.  

This causes the market supply to increase. This increase in supply reduces prices and profits.  

Similarly, if some of the firms among 1,000 are having losses in the short run, then in the long run, the firms incurring losses exit the market. This reduces market supply and thus increases price and profits.  

This process continues until all the firms are having zero economic profits.

8 0
4 years ago
What is a part time job?
vekshin1
Part-time is usually around 15-20 hours of work a week when in comparison to a full time job which can be upwards to 40 hours a week. Part-time jobs are common with teenagers as school constraints half of their day.
7 0
4 years ago
What would be two things you may want to use installment credit for in the future?
Marat540 [252]

Installment credit is a loan with specific Monthly Payments, Terms, and Interest. These loans can be used to buy homes or cars and are effective for starting a business.

3 0
3 years ago
What effect does an expansionary monetary policy in the u.s. have on the foreign trade sector?
Lostsunrise [7]

The lower value of the dollar will decrease imports and increase exports. Appreciation of the value of the dollar and the decrease of U.S. net exports.

<h3 /><h3>How does expansionary monetary policy affect trade?</h3>
  • Increases in the stock market are a result of expansionary economic policy since it boosts economic activity. Fiscal and monetary channels can be used by policymakers to carry out an expansionary strategy. It is typically used when inflationary pressures are low and the economy is headed towards a recession.
  • When a central bank employs an expansionary monetary policy, it helps to boost the economy. This boosts the availability of money, brings down interest rates, and raises demand. It promotes economic expansion. It reduces the currency's worth, which decreases the exchange rate.
  • The following are the general effects of monetary policy on economic activity, as measured by changes in (real) interest rates. Financial institutions can obtain funds at cheap interest rates when interest rates fall. They are able to lower their lending rates for loans to businesses and households as a result.
  • Expansive monetary policy can be quite successful in the early stages of a financial and economic collapse, reducing uncertainty spikes and tail risks and preventing negative feedback loops (e.g. Mishkin 2009).

What effect does an expansionary monetary policy in the u.s. have on the foreign trade sector?

The lower value of the dollar will decrease imports and increase exports. Appreciation of the value of the dollar and the decrease of U.S. net exports.

To learn more about lineage, refer to:

brainly.com/question/18939014

#SPJ4

7 0
2 years ago
Other questions:
  • Resource x is necessary to the production of good y. if the price of resource x rises, the _____________ curve for good y will s
    8·2 answers
  • What is dumping?
    9·2 answers
  • Omega technology is starting production of a new supercomputer for use in large research universities. They have just completed
    14·1 answer
  • Peggy, a foreman at a petrochemical plant, asks the plant superintendent to hire an additional worker whenever overtime hours fo
    7·1 answer
  • Jaffe found that stock prices __________ after insiders intensively bought shares and __________ after insiders intensively sold
    12·1 answer
  • Corporate managers who fail to give due consideration to the rights of employees and other concerned groups in the pursuit of pr
    6·1 answer
  • On January 1, 2019, Crouser Company sold the land to Chad Company, accepting a 2-year, $150,000, non-interest-bearing note due J
    15·1 answer
  • Kaylee is working with a global marketing assessment team that is looking well into the future to help determine the most attrac
    10·1 answer
  • Select the items that are needs from your bank statement. ABC BANK Available Balance $230.00 Cell phone plan$45 Rent$400 Car ins
    7·1 answer
  • The businesswoman who kicks her dog off the porch when she gets home because she's had a rough day at work is using the defense
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!