All categories

2 years ago

Define Implicit Cost

Social Studies

2 answers:

ioda2 years ago

5 0

Implicit costs are imputed costs of self-owned and self-employed resources.

Example:

(i) Interest on entrepreneur's own capital.

(ii) Rent on entrepreneur's own land used in business.

Elenna [48]2 years ago

4 0

Answer:

$\: \:$

Implicit Cost is the esteemed value of the inputs supplied by the owners including normal profit .

ƒσя єχαмρℓє :

Rent of own land

Salary for the services of entrepreneur

Interest on own capital.

You might be interested in

Most people in Africa __________.

mamaluj [8]

The correct answer is choice C because most people farm and herd at the subsistence level in order to survive and they do this for a living.

7 0

2 years ago

Read 2 more answers

Learning is something we need to continually pursue.true

Natasha_Volkova [10]

True because without learning we wouldn't have our technology and anything that we use today

3 0

2 years ago

Why would C. Wright mills consider a member of congress to belong to the power elite?

inna [77]

The American sociologist, Charles Wright Mills was a professor at Columbia University from 1946 till 1962, the year of his death. He is famous for his book “The Power Elite” in which he describes the alliances and relationships the elites have in politics, economy and military.

Question: Why would C. Wright mills consider a member of congress to belong to the power elite?

Answer: A) because the person can make important decisions

4 0

2 years ago

Measures that can unite all the ethnic groups in Ghana

stepan [7]

Tolerance among one another
Respecting one another
Allowance of people to express their view
Working harder
Having the fear of sanction by the authorities in Ghana
Obeying the laws and order
Being responsible in our behavior
Having the positive mind for others
Having moral conscience
Leading your life according to the good deeds

8 0

2 years ago

Which of the following factors should be considered when designing a personal fitnesses program

Ilya [14]

Answer:

Answer choice: D. All of the above

Explanation:

When designing a personal fitness program you should take into consideration the three given factors should be considered when designing a personal fitness program. In planning a personal fitness program, one must consider the goals they are aiming to complete, they must also consider the activities suited to for their goals, and lastly they must consider a variety of exercises for their personal fitness program.

4 0

2 years ago

Define Implicit Cost ​

Define Implicit Cost