This cost of acquisition may be the sum total of the production cost spent by the original producer and the transaction costs that are incurred by the person acquiring it over the price that is paid for it to the producer. In economics, the term cost is a metric which totals up as an ...
Implicit Costs: In the study of economics there are several different types of costs that are considered during the process of production or business operation. One of those costs is called implicit costs. Answer and Explanation: Implicit costs, otherwise known as implied costs, are expenses that...
b.Fixed costs c.Variable costs d.Explicit costs *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 fo...
In economics, the production cost is an expense made by a firm to accomplish the transformation of raw material into the final output. It includes both fixed and variable expenses of production. Answer and Explanation:1 The correct option isa. Explicit costs. ...
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implicit vs. explicit costs In finance and economics,implicitandexplicitare used in the termsimplicit costsandexplicitcosts. Of the two,explicitcostsare easier to understand. These arecostsexpressly documented as such by a company.Explicitcostsinclude things like employee salaries, repairs, utility bills...
Profit for a Firm: 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. ...
摘要: Alfred G. Cuzán and Charles M. Bundrick The University of West Florida When it comes to forecasting the incumbent share of the two-party vote in American presidential elections (VOTE2), Alan Abramowitz's time-for-change model (henceforth TFC) and James E.年份: 2005 ...
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 statements of a firm...
"Implicit Trading Costs, Divergence of Opinion, and Short-Selling Constraints in the Limit Book Order Market." The Journal of Trading, 5(2), 92-101... A Nguyen,N Oh,PS Kalev - 《Social Science Electronic Publishing》 被引量: 5发表: 2009年 The market for borrowing stock. market specials...