explicit cost (redirected fromExplicit Costs) A directexpensethat a business incurs in conducting anactivity. Examples of explicit costs includesalaries,wages, materials, etc. An explicit cost can be recurring, or it can be a one-off expense. Likewise, it can be predictable, like therent, or...
What is the opportunity cost of being enrolled in an economics class? Explain the cost-benefit analysis and give examples. Describe your understanding of externalities by providing an example of a positive externality and a negative externality. Explain the concept ...
True or False: Accounting cost is usually larger than economic cost, as accounting cost includes implicit costs but economic cost doesn't. The sum of the variable cost and the fixed cost is called economic cost. a. True b. False True or false? If there are no fixed costs and the marg...
*Answer = A.Once a sunk cost isincurred,there is no way to recover the cost. Bibliography Baye, Michael. R. (2009).Managerial Economics and Business Strategy, 6th Edition.St. Louis: McGraw-Hill Irwin. Das, S. P. (2007).Microeconomics for Business.Thousand Oaks: Sage Publications Arnold,...
Explicit Cost Meaning Explicit costs are the culmination of all direct and indirect expenses recorded in a company’s ledger. It includes expenses that impact the profitability of a business—raw material, wages, rent, administrative charges, and sales expenses. They are mentioned in the financial...
Implicitcostsare less direct. These are the undocumented costs that a business experiences as the result of something happening. For example, a company might close a store for a day in order to clean it. While this closure may not cost the company money as it is recorded on a balance shee...
Health economics, policy, and law 4(Pt 2): ... R Cookson,M Drummond,H Weatherly - 《Health Economics Policy & Law》 被引量: 0发表: 2009年 Challenges in Health State Valuation in Paediatric Economic Evaluation With the growth in the use of health economic evaluation to inform healthcare ...
Motivated by these observations, this paper constructs a two period dynamic model of (explicitly) collusive price announcements, featuring a buyer who can (at a cost) increase competition in the procurements it conducts by qualifying a non-cooperative "outside" seller. In this setting, the paper...
Philip Booth argues that lower exchange rates is not the solution for the problem of stimulating economic growth in the UK. It is real exchange rates that determine the cost of exports and imports relative to alternatives, and, since the UK can only control nominal rather than real exchange ra...
a盗窃案件;突审;心理因素;办案成本;谈判说服模式 Burglary case; Examines suddenly; Psychological factor; Handles a case the cost; The negotiations convinces the pattern[translate] a希望今天我们所讲的内容,能为同学们以后的面试带来帮助. The hope we say today the content, will be able later to intervi...