Worker marginal product 1 3 2 5 3 8 4 10 5 7 6 4 7 2 bob pays all his workers the same wage and labor is his only variable cost.
New Which Of The Following Is An Implicit Cost
Images. Payments made to workers who are unproductive. Reflective thinking 26) which of the following are implicit costs for a typical firm?
Homework 4 Microeconomics I Fall 2010 Due Day from www.yumpu.com
Khan academy is a 501(c)(3) nonprofit organization. As the economic profit also consists of the opportunity costs, so it will either be equal or less than the accounting profit. Refer to the graph shown above.
Hence interest that could have been earned on retained earnings used by the firm to finance expansion is implicit cost.
Worker marginal product 1 3 2 5 3 8 4 10 5 7 6 4 7 2 bob pays all his workers the same wage and labor is his only variable cost. All of the above are implicit costs. Based on the information illustrated in the graph, which of the following is correct? Put the paragraphs of the argumentative essay in the correct order.
