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Iteru [2.4K]
3 years ago
14

A shopkeeper explains to you that she keeps down the cost of running her business because her husband works in the shop for free

. The consequence of the shopkeeper not paying her husband is that:
Business
1 answer:
True [87]3 years ago
3 0

Answer:

explicit cost is kept down, but not the implicit

Explanation:

As we know that there is two cost i.e. explicit cost and the other one is implict cost. The explicit cost is the cost that are spent like out of pocket expenses i.e. salaries & wages, etc. On the other hand the implicit cost is the cost that are spent on diversifying the business

Now as per the given situation, the above is the answer and also the explicit costs are classified into fixed and variable costs while doing the business

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The map above shows air release, or emissions, sites across the United States. These sites include locations such as smokestacks
Arada [10]

"The West has a higher potential for a negative externality to its free resources" reflects the content in the map.

Option D

<u> Explanation: </u>

A negative externality is a cost that is endured by an outsider as an outcome of a monetary exchange. In an exchange, the maker and customer are the first and second gatherings, and outsiders incorporate any individual, association, property proprietor, or asset that is in a roundabout way influenced.

Externalities are additionally alluded to as overflow impacts, and a negative externality is likewise alluded to as an 'outside cost'.  

Externalities ordinarily emerge in circumstances where property rights over resources or assets have not been apportioned, or are unsure. For instance, nobody claims the seas and they are not the private property of anybody, so ships may dirty the ocean unafraid of being indicted.

The significance of building up property rights is fundamental to the thoughts of compelling Peruvian financial expert, Hernando De Soto, De Soto has broadly contended that effective market economies need a far reaching distribution of property rights to empower them to completely create.

6 0
3 years ago
Jean-Baptiste Say thought that entrepreneurs should be considered a fourth factor of production. Do you agree or not? Explain yo
Ivan

Answer: i do agree

Explanation: they are a factor because they help the economy in the same ways as the other factors of production

8 0
3 years ago
If closing costs of $1,400 are associated with the refinance of reduce the monthly payment fro m $980 to $870 refinance, it woul
Anna71 [15]

Answer:

time take = 13 months

so correct option is C.)13

Explanation:

given data

closing costs = $1,400

monthly payment reduce = $980 to $870

to find out

Time to cover cost

solution

we know here monthly payments after reduction will be

monthly payments = $980 - $870

monthly payments = $110

so

time taken is = \frac{closing\ costs}{monthly\ payments}  .........1

time taken is = \frac{1400}{110}

time take is = 12.727273

time take = 13 months

so correct option is C.)13

8 0
3 years ago
Edna Boyle contracts with The Melonville Times to advertise her garage sale to be held this Saturday. The ad is to run in the Fr
Irina-Kira [14]

Answer:

True

Explanation:

As per the contract details, Melonville Times will telecast and run an advertisement on Friday and in the morning of Saturday, as later during Saturday the sales has to be done.

In case of any failure from Melonvile Times, it is liable to pay $50. Now, by the clause and word enforceable means actionable in real terms.

Since there is a formal written contract between the parties and the purpose of such advertisement and the value in case of any failure is defined, the liquidated damages provided are enforceable.

Note: It is assumed as the organisations are legal and professional all the conditions to make the contract legally valid is true.

Therefore, above stated statement is true.

4 0
3 years ago
What will happen to the firms equilibrium wage rate when the supply of labour decrease from 25 to 15? Explain with the help of d
Tpy6a [65]

Answer:

Wage rate = $960

Explanation:

Supply of labor is the number of hours workers are willing to work at a given real wage rate. When wage rate increases, supply of labor also increases because more people are encouraged as now they can obtain a higher income. When wage rate decreases, labor supply also decreases.

<em><u>View diagram</u></em>

In this case, however, there has been a decrease in supply, causing the supply curve to shift from S to S1. This can be due to many reasons such as migration, increase in minimum working age or increase in interest in education causing more people to study. When the supply of labor falls, there are less people available for work. Thus, demand exceeds supply, causing a shortage. Hence, the pressure causes price, i.e. wage rate to increase. To determine by how much the increase is, cross-multiplication can be used:

At 25 laborers, wage rate is $600 (25 = 600)

At 15 workers, wage rate is X (15 = X)

We now substitute for X, which is the amount by which wage rate will increase.

25 / 600 = 15 / X

Thus, 25X = 9000 (600 x 15)

9000 / 25 = X

X = 360.

Hence, wage rate at 15 laborers is 600 + 360 = $960

3 0
3 years ago
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