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IceJOKER [234]
3 years ago
10

Implicit costs are ______.

Business
1 answer:
iVinArrow [24]3 years ago
8 0

Answer:

The correct answer is B

Explanation:

Implicit cost is also known as the notional cost, imputed cost or implied cost, which is defined or described as the opportunity cost that is equal to what a company or business give up so that, could use a factor of production for which it owns already and does not require to pay the rent.

This cost is stated indirectly and or it is already implied in the production and it also the opportunity costs of the resources which are self- employed.

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Heather's interest and gains on investments for the current year are as follows: Interest on Madison County school bonds $600 In
Dmitry_Shevchenko [17]

Answer: $1400

Explanation:

The amount of gross income that Heather must report will be the addition of the interest on the US government bonds, the interest on the federal income tax refund and the gain on the sale of Madison company school bonds. This will be:

= $700 + $200 + $500

= $1400

Therefore, Heather must report gross income in the amount of $1400. The correct option is D.

4 0
3 years ago
_________ is another term for a defensive strategy. multiple choice a fixed plan the aggressive approach a stability strategy a
alexandr1967 [171]
A retrenchment strategy <span>is another term for a defensive strategy. 
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3 years ago
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Explanation:

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8 0
4 years ago
The market for household appliances in Richland is monopolistically competitive. Some firms in this market are incurring losses.
alina1380 [7]

Answer:

Monopolistic competition exists in industries that have many firms offering similar products or services. In monopolistic competition, those similar products are not perfect substitutes for one another. Barriers in entry and exit of these industries are low and decisions made by one firm do not directly affect its competitors. In the short term, a monopolistically competitive industry can incur losses nut <em>only if those loses are higher than the fixed costs the organization will stop operations</em>.

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3 years ago
What does income induces mean in economics
djverab [1.8K]

Answer:

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Explanation:

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4 years ago
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