Answer:
Correct option is (D)
Explanation:
Given:
Cost for typing for the first time = $5 per page
Cost of revision = $3 per page each time.
Number of pages in the manuscript = 100
Cost of typing 100 pages for the first time = 100 × 5 = $500
Cost of 40 pages revised once = 40 × 3 = $120
Cost of 10 pages revised twice = 10 × (3 × 2) = $60
Total cost of manuscript = 500 + 120 + 60
= $680
"Normal thinking" which is doing things the same way that they have been done in the past. It can get in the way of creative problem solving.
Answer: The correct answer is A
Explanation:
Explicit costs are reported in business documents. They are also known as direct costs. Explicit costs result in tangible assets for the company. Some examples are: rent, wages, maintenance. Explicit costs are easier to identify and account for because they leave a paper trail.
Implicit costs can be described as opportunity costs. Implicit costs deal with intangibles and do not leave a paper record. Implicit costs can be time or wasted opportunities, for example. An implicit cost is simply the loss of a possible benefit or asset that didn't occur.