Implicit costs are: A. the payments made to labour only. B. the payments made by the firm to others. C. the opportunity cost of resources owned by the firm. D. the same as accounting profit. 相关知识点: 试题来源: 解析 C 反馈 收藏 ...
Labor can technically be an implicit and explicit cost. In regard to employees, when wages and salaries are paid, labor is an explicit cost to a business. When wages or salaries are foregone, such as that for an entrepreneur starting their own business, labor would be an implicit cost. The...
Definition of Implicit Cost An implicit cost is present but it is not initially shown or reported as a separate cost
Total Production cost–Includes the true economic costs of production(The sum of explicit and implicit costs).Economic costs of production not only include accounting costs but also the opportunity costs of producingeachunit of output. Accounting costs are the explicit costs that appear on the income...
Yes,total opportunity cost = explicit costs + implicit costs机会成本=外显成本+隐含成本外显成本意即实际支出 隐含成本则为时间 效益等…---normal profits 正常利润:成本的一个组成部分,支付给企业家资本投资的报酬.accounting profits 会计利润:由财务会计 根据会计准则计算出的利润,运用了大量的估计和判断.正常...
In Explicit Cost Vs Implicit Cost, Implicit costs are costs that occur in monetary terms. However explicit costs are opportunity costs.
6、.how much is joes accounting profit?accounting profit = tr explicit costs = 250,000 170,000 = $80,000e.how much is joes economic profit?economic profit = tr total opportunity cost = 250,000 260,000 = $10,000f.is it truly profitable for joe to operate his boat factory? briefly ...
The profit for a firm may be determined from the perspective of an accountant or economist. The costs are usually categorized into explicit costs and implicit costs to calculate the economic profit and accounting profit. Answer and Explanation:1 ...
The latter is an opportunity cost that is not incurred by the company but implied. Explicit expenses are shown on the organization's general ledger and income statements. These expenses can be audited and used to determine a firm's accounting and economic profits. On the contrary, implicit ...
Answer to: When an action is chosen, the highest-valued alternative not chosen is called the: A. accounting cost. B. opportunity cost. C. implicit...