Answer:
A.) provide a signed letter on the studio’s letterhead including phone number, address, and e-mail
Explanation:
Answer: a. are examples of government-created monopolies.
Explanation:
Patents, copyrights and trademarks are given by a government to a company to protect its products from being produced by other companies without permission which means that only the company with this government protection can produce the goods in question.
This therefore makes the company producing the goods a monopoly and one that was created via government actions.
Answer:
<em>Groupthink.</em>
Explanation:
Hope this was helpful! :)
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
The options for this question are the following:
A. implicit cost
B. accounting cost
C. explicit cost
D. pure economic cost
E. positive economic rent
The correct answer is A. implicit cost
.
Explanation:
Implicit cost is an economics term that refers to the costs of a business that do not require direct spending but, instead, the result of a loss of potential revenue. This concept can have important ramifications for companies and entrepreneurs when they decide how to divide tasks between their workforce and how much they charge for their services. It is also an important concept for individuals to understand when choosing the best time budget for a variety of projects.
The implicit cost of some companies is generally a result of the amount of time it takes a person to complete the business and the time value of that person. For example, if someone hires an independent contractor to complete a plumbing job, that contractor must charge enough to cover their explicit and implicit costs in order to make a profit. The explicit costs will be the cost of the necessary materials, which is quite easy to calculate.