A firm's opportunity costs of production are equal to its a. explicit costs only. b. implicit costs only. c. explicit costs implicit costs total revenue. d. explicit costs implicit costs.

Answers

Answer 1

A firm's opportunity costs of production are equal to its implicit costs only.

What is opportunity cost?

Opportunity cost is an economic term for expressing cost in terms of foregone alternative. It is the loss of potential gain from other alternatives when one alternative is chosen.

Implicit cost is the opportunity cost equal to what a firm must give up in order to use a factor of production for which it already owns and thus does not pay rent.

Hence, a firm's opportunity costs of production are equal to its implicit costs only.

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Related Questions

2
Drag each label to the correct image.
Match each image to the stages of memory it makes use of. Match the options below
short-term memory
long-term memory
sensory memory

Answers

Answer:

first picture is = Sensory memory

Secend picture is = Short-Term Memory

Third one is= Long-term Memory

Explanation:trust me the other guy is wrong

The correct match from the given image is that the first picture is the example of the sensory memory, second picture is Short-Term Memory, and third one is Long-term Memory.

What is the sensory memory?

The human body's sensory receptors receive sensory messages, which the neurological system processes. Sensory memory only stores sensory data for as long as it takes to convert it to short-term memory.

The first image is an example of sensory memory, the second is Short-Term Memory, and the third is Long-Term Memory, which is the correct match from the given image.

Therefore, the memory are of three types short-term memory, long-term memory, and sensory memory.

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#SPJ2

Federal law permits employers to monitor their employees' use of company-owned computer equipment, specifically _______.

Answers

the answer is..

instant messages
website views
e-mails

or all of the above.

A country's launching of a government-owned telecommunications satellite is an example of investing in ________.

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Answer:

infrastructure

Explanation:

A country's launching of a government-owned telecommunications satellite is an example of investing in infrastructure.

what do you mean by co-work skill ?​

Answers

working with others and being good at it. like gaining a piano skill, you get better over time and eventually get better at it.

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Answers

Answer:

.,.

Explanation:

I hope you have a great day!

Muffin ^^

Answer:

;-;

Explanation:

I hope you have an amazing day!

bren~

Freight costs paid by a seller on merchandise sold to customers will cause an increase.

Answers

The costs paid by a seller on merchandise sold to customers will lead to a rise in operating expenses for the seller.

What are operating expenses?

It should be noted that operating expenses are the costs that a business incurs while engaging in its operations.

In this case, the costs paid by a seller on merchandise sold to customers will lead to a rise in operating expenses for the seller.

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Alpha Electronics assembles different parts to make standardized laptops along an assembly line. Alpha Electronics uses _____ technology. a. continuous-process b. unit c. job rotation d. mass-production e. small-batch

Answers

Based on the fact that different parts are assembled to make standardized laptops, Alpha Electronics is engaged in D. Mass production.

What is mass production?

This is when a company produces goods in a large quantity at the same time.

It is usually done by using an assembly line where parts will then be assembled into a complete product.

In conclusion, option D is correct.

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When corporate departments such as marketing, human resources, and information technology implement plans of action that support higher-level strategies, they are following a(n) ______ strategy.

Answers

Planning process strategy is been followed by corporate departments such as marketing when they implement plans of action that support higher-level strategies.

What is Planning process strategy ?

This can be regarded as a strategy that Prioritize objectives and develop a strategic plan which helps in execution and management of  our plan.

It helps to review and revise the plan and can be used by marketing, human resources, and information technology.

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Answer: functional

Explanation:

n/a

Bankruptcy:____.
a. creates value for a firm.
b. transfers value from shareholders to bondholders.
c. technically occurs when total equity equals total debt.
d. costs are limited to legal and administrative fees.
e. is an inexpensive means of reorganizing a firm.

Answers

Answer:

the answer is D

Explanation:

it is D because A and E are very wrong and brackrupcy is when you have no money left. C us wrong because there is nothing equal of having not money, B is talking about something else so the only one left is D.

Ken places a $20 value on a cigar, and Mark places a $17 value on it. The equilibrium price for this brand of cigar is $15. Refer to Scenario 12-1. Suppose the government levies a tax of $3 on each cigar, and the equilibrium price of a cigar increases to $18. Because total consumer surplus has:_____.
a. fallen by more than the tax revenue, the tax has a deadweight loss.
b. fallen by less than the tax revenue, the tax has no deadweight loss.
c. fallen by exactly the amount of the tax revenue, the tax has no deadweight loss.
d. increased by less than the tax revenue, the tax has a deadweight loss.
e. increased by more than the tax revenue, the tax has no deadweight loss.

Answers

Because total consumer surplus has fallen by more than the tax revenue, the tax has a deadweight loss.

What is deadweight loss?

The deadweight loss of tax is the reduction in total surplus when a tax is levied on a good. Consumer surplus is the difference between the equilibrium price of a good and the value the consumer places on the good.

Initial consumer surplus = ($20 - $15) + ($17 - $15) = $7

New consumer surplus = ($20 - $18) = $2

Thus, there is a reduction in consumer surplus and there is a deadweight loss.

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- A service and physical good are similar in terms of uniformity of inputs. Group of answer choices TRUE FALSE

Answers

The correct answer to the given statement that "A service and physical good are similar in terms of uniformity of inputs" is:

False

What is a Good?

This refers to the physical item which has value and can be bought and sold in a market place.

With this in mind, we can note that a service has to do with the non physical value driven thing which is rendered based on demand and this service and physical goods are NOT SIMILAR in terms of uniformity of inputs because the manufactures does not have more control on the amount of variability.

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Meadows manufacturing follows the accrual basis. An accrual results when ____________ and a deferral results when.

Answers

Answer:

Meadows manufacturing follows the accrual basis. An accrual results when $6,000 cash is received after a customer has been billed and a deferral results when $4,500 cash is paid for next quarter's insurance for property.

Explanation:

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This tax is locally assessed, varies according to the worth of land and goods on it, and generally funds things like public schools.

Answers

Answer:

Property

Explanation:

I Did it

In distinguishing between firm strategies for developing new products, a pioneer firm will be more likely to rely on its ______, whereas a follower firm will be more likely to ______ for ideas.
a. look within; scan the outside
b. look inside; scan the perimeter

Answers

Answer:R&D department, scan the market

Explanation:

In accounting, the term impairment refers to Multiple choice question. offsetting liabilities against the related assets. allocation of an asset over its service life. cost recovery of an asset for investment purposes. an asset's significant decline in value.

Answers

In accounting, the term impairment refers to  an asset's significant decline in value.

What is impairment?

Impairment is when the value of an asset is permanently reduced on the company's balance sheet. When an asset is tested for impairment, its book value is compared to the benefits and cash flows. If the book value is greater than all the benefits of the asset, the asset is impaired and its value is reduced on the balance sheet.

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Labor rates have risen over time to the point that Antonio's Pasta is considering _____ to reduce costs.

Answers

Answer:

Offshoring

Explanation:

A 30-year maturity bond making annual coupon payments with a coupon rate of 12% has (Macauley) duration of 11.54 years and convexity of 192.4. The bond currently sells at a yield to maturity of 8%. a) Find the price of the bond if ytm falls to 7% (use financial calculator or spreadsheet).

Answers

The price of the bond if the yield to maturity falls to 7%, based on the period and amount will be $1,620.45.

What is the price of the bond at 7%?

We shall assume that the bond has a face value of $1,000.

The coupon is:

= 12% x 1,000

= $120

The price is:
= (Coupon x Present value interest factor of annuity, 30 years, 7%) + Face value of bond / ( 1 + rate) ^ number of periods

= (120 x 12.409) + (1,000 / (1 + 7%)³⁰)

= $1,620.45

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Work Context section for Police Patrol Officers. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Police Patrol Officers? Check all that apply.
in an open vehicle or equipment
deal with unpleasant or angry people
contact with others
in an enclosed vehicle or equipment
deal with external customers
spend time keeping or regaining balance

Answers

Delp with unpleasant or angry people

Answer:

B,C,D,F

Explanation:

Blue Sky Laws require registration of all of the following EXCEPT: A exempt issues B non-exempt issues C broker-dealers D sales representatives

Answers

According to the state laws, all the above except issues that are exempt must be registered. Hence, option A is the correct answer.

What are Blue Sky Laws?

Blue Sky State Laws refers to laws that are enacted to combat fraud, and which require that issuers of securities must be registered.

Blue Sky Laws also required issuers of securities to disclose details of their offerings.

Hence the correction option is A.

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A ______ is a conceptual framework that describes how a company creates, delivers, and extracts value.

Answers

The answer should be a primary business model.

Hope that helped!

A rightward shift in the short-run aggregate supply curve will occur when:.

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A rightward shift in the aggregate supply curve will occur when: there is a decrease in price input.

What is a supply curve?

A supply curve is a graphical representation of how the market would behave or move in there is a change in supply. It is a representation of the relationship between the quantity supplied for a given period of time and the prices of goods and services.

A rightward shift in the short run aggregate supply curve will then occur anytime there is a decrease in the price input.

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A company's net income is $16 million, and its owner's equity is $10 million. The company's return on equity is ________.

Answers

Based on the information given the return on equity is 1.6.

Return on equity

Using this formula

Return on equity=Net income/ Owner's equity

Where:

Net income=$16 million

Owner's equity=$10 million

Let plug in  the formula

Return on equity=$16 million/$10 million

Return on equity=1.6

Inconclusion  the return on equity is 1.6.

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In a command economy, the production and distribution of goods and services is planned and set by ___

Answers

Answer:

In a command economy, the production and distribution of goods and services is planned and set by central government

Using compounding, how much interest will be earned in the second year of a savings account that has an original balance of $200 and earns 6 percent interest per year

Answers

Answer:

$12.72

Explanation:

The Blank______ account tracks goods and services exports and imports in balance-of-payments accounting.

Answers

The account that tracks goods and services exports and imports in balance-of-payments accounting is the current account.

What is the current account?

The current account records information on the value of the trade balance, transfers and the net income

The trade balance records the value of the import and export of goods and services. Net income records the value of the income received by a country's residents less the income paid to foreigners Transfers includes income sent home by a country's citizens working outside the country

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The _____ is the document that serves as the creative team's guide for writing and producing the ad. Group of answer choices Creative strategy Storyboard Graphic ideation Message strategy Speculative presentation

Answers

Answer:

The creative strategy is the document that serves as the creative team's guide for writing and producing the ad.

The present value of an annuity stream of $100 per year is $614 when valued at a 10% rate. By approximately how much would the value change if these were annuities due

Answers

$61.40

Difference = $614(1.10) - $614 = $61.40

Which of the following advertisements is most likely a legitimate job advertisement? a. An advertisement claiming you can work from home and make $50k guaranteed b. An advertisement that seeks candidates with specific skills and requests a résumé c. An advertisement that claims you will be able to buy a mansion within a year d. An advertisement where you must pay money to the employer before starting the job Please select the best answer from the choices provided A B C D.

Answers

Answer:

work from home and make $50k guaranteed

Perez Co. sells lawn mowers and warranties them for one year. Perez made an adjusting entry at the end of last year to record the warranty expense. In February of the current year, a customer needed a $50 repair to a lawn mover. The entry to record the repair includes a debit to ___.

Answers

The entry to record the repair includes a debit to Warranty expense.

Warranty expenses

Based on the information given the appropriate journal entry to record the transaction assuming in  February of the current year, a customer needed a $50 repair to a lawn move is:

Perez Co journal entry

Debit to Warranty Expense $50

Credit to Estimated Warranty Liability $50
(To record repair)

Inconclusion the entry to record the repair includes a debit to Warranty expense.

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Answer: Parts Inventory (Credit)

Explanation:to entry to record includes a credit to Parts Inventory

What is one purpose of an essay's introduction paragraph?
47
O to provide a list of transitional words that will help your reader make sense of the writing
O to elaborate fully on one of the essay's main ideas
O to restate your main ideas and make a lasting impression on your reader
O to engage the reader by telling a personal story or sharing a startling statistic

Answers

Answer:

B.

Explanation:

To elaborate fully on one of the essay's main ideas. You want for your reader to know what they will be reading about.

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