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3 years ago

Explain and give an example the difference between an explicit cost and an implicit cost.

Business

1 answer:

Amanda [17]3 years ago

7 0

Answer:

Explicit costs are out-of-pocket costs for a firm

for example, payments for wages and salaries, rent, or materials. Implicit costs are the opportunity cost of resources already owned by the firm and used in business

for example, expanding a factory onto land already owned.

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Suppose that DiamlerChrysler is considering changing its production operations from an assembly line in which each employee adds

denis-greek [22]

Answer:

Sequential interdependence on the line to pooled interdependence between the teams

Explanation:

Sequential interdependence occurs when a persons output is necessary for the performance of the next persons input. Perhaps the most obvious example of sequential interdependence is an assembly line.

While pooled interdependence he team accomplishes its tasks simply by bringing together everyone’s separate efforts. Like in DamierChrystern when the team work together to build the total car with the team deciding whi does what task. To be a team you need a team task — it requires that members actively work with each other to accomplish it

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3 years ago

Describe the current economy and labor market, including the types of goods and services produced, the types of skills workers n

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3 years ago

Suppose that technological advancements stimulate $20 billion in additional investment spending. If the MPC = 0.6, how much will

grin007 [14]

Answer:

option (D) $50 billion.

Explanation:

Data provided in the question:

Additional investment spending = $20 billion

MPC = 0.6

Now,

Increase in aggregate demand = [1 ÷ (1 - mpc) ] × Investment

Increase in aggregate demand = [1 ÷ (1 - 0.4) ] × $20 billion

Increase in aggregate demand = (1 ÷ 0.4) × $20 billion

Increase in aggregate demand = 2.5 × $20 billion

Increase in aggregate demand = $50 billion

Hence.

the correct answer is option (D) $50 billion.

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3 years ago

Maria, a supervisor at a petrochemical plant, asks the plant superintendent to hire an additional worker whenever overtime hours

Serggg [28]

Answer:Maria, a supervisor at a petrochemical plant, asks the plant superintendent to hire an additional worker whenever overtime hours for the previous month increase by more than 15 percent over the headcount. It is a programmed decision.

Explanation:

It is an example of a programmed decision. It is a decision that is actually repeated and we can take it easily by those rules of a business that have already been established.

These are the routine decisions that can be taken easily without wasting time. Like Maria asked the plant superintendent to hire an additional worker whenever overtime increases more than by 15% over the headcount. So it a routine decision.

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3 years ago

Two lines intersect and form adjacent right angles what is the realationship between the two lines

frez [133]

An angle is formed when two lines or rays or line segments meet or intersect. ... A linear pair is a pair of adjacent angles whose non-common sides are opposite rays. • When two lines intersect, the vertically opposite angles so formed are equal.

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4 years ago