Homework Answers
Answer : The answer is option A.
For firm's cost accountants include only the explicit cost. But economists include both the explicit cost and the implicit cost. Therefore, option A is correct.
Add Answer to:
Accountants include costs as part of a firm's costs, while economists include costs. O A. explicit;...
Accountants include costs as part of a firm's costs, while economists include _______ costs. O A....
Accountants include costs as part of a firm's costs, while economists include _______ costs. O A. explicit; explicit and implicit OB. implicit; no implicit O C. explicit; no explicit OD. explicit and implicit; implicit
What costs do economists include when calculating profit? Select 2 answers apply: explicit costs implicit costs...
What costs do economists include when calculating profit? Select 2 answers apply: explicit costs implicit costs variable costs fixed costs Question 40 Variable costs refer to __________ that can easily be increase or decreased in a __________ period. Select the correct answer below: outputs, long outputs, short inputs, long inputs, short FEEDBACK In addition to rent and profit for entrepreneurship , what else do factor payments include? Select the correct answer below: raw material prices profit interest and dividends...
Accountants calculate A. the opportunity cost of all the resources the firm uses. B. economic depreciation...
Accountants calculate A. the opportunity cost of all the resources the firm uses. B. economic depreciation as part of the firm's cost. C. depreciation using Internal Revenue Service rules. D. all the firm's implicit costs but only a few of its explicit costs. E. All of the above answers are correct.
A firm's total revenue equals $800. Its explicit costs equal $300 and its implicit costs equal...
A firm's total revenue equals $800. Its explicit costs equal $300 and its implicit costs equal $400. The firm's economic profit equals __________ and its accounting profit equals __________. $100; 500 -$100; $200 $400; -$300 $1,200; $1,500 $400; $100
Which of the following statements about explicit costs is true? Select one: a. They are the...
Which of the following statements about explicit costs is true? Select one: a. They are the only costs that matter to business owners b. They usually exceed implicit costs. Oc. They are difficult to measure. O d. They appear on the firm's balance sheet.
The explicit and implicit costs for Reliance Publishing are shown below: Wages paid to employees Funds...
The explicit and implicit costs for Reliance Publishing are shown below: Wages paid to employees Funds spent on equipment Raw materials Wages foregone in another job Cost $122,000 $112,000 $73,000 $171,000 The explicit costs for Reliance Publishing are 5 (Enter your response as a whole number.) The accounting cost for Reliance is O A. $307,000 O B. $234,000 OC. $122,000 OD. $478,000
what is the total number of atoms in molecules reacting b. times total cost. c. minus...
what is the total number of atoms in molecules reacting
b. times total cost. c. minus total cost. d. divided by total cost. 4. A firm's opportunity costs of production are equal to its a. explicit costs only b. implicit costs only. c. explicit costs+ implicit costs. d. explicit costs + implicit costs+ total revenue. 5. Explicit costs a. require an outlay of money by the firm. b. include all of the firm's opportunity costs. c. include the value of...
1. Explain why economic costs include both explicit costs and implicit costs. 2. Explain the concept...
1. Explain why economic costs include both explicit costs and implicit costs. 2. Explain the concept of opportunity cost as related to the doctor in the Khan Academy video who gave up his profession to open a business. 3. What other factors do you think the doctor may have considered when he decided to leave his profession to open a business?
If an accountant were to calculate total cost, the accountant would be sure to include only...
If an accountant were to calculate total cost, the accountant would be sure to include only implicit costs. Oinclude only explicit costs include both implicit and explicit costs include neither implicit nor explicit costs. D | Question 5 A business pays incom taxes on O its economic profht. O its accounting proft O its marginal revenue. its total revenue. D Question 6 The choices regarding future production for a business owner is most influenced by her O economic costs. O...
Which of the following is an example of something that economists would consider a cost but...
Which of the following is an example of something that economists would consider a cost but accountants would not? O A. the cost of advertising B. the interest income foregone by the firm's owner because the owner invested funds into the firm O C. the salary that the firm actually pays to the firm's owner O D. the cost of materials and supplies purchased by a firm
Accountants include costs as part of a firm's costs, while economists include _______ costs. O A. explicit; explicit and implicit OB. implicit; no implicit O C. explicit; no explicit OD. explicit and implicit; implicit
Which of the following statements about explicit costs is true? Select one: a. They are the only costs that matter to business owners b. They usually exceed implicit costs. Oc. They are difficult to measure. O d. They appear on the firm's balance sheet.
The explicit and implicit costs for Reliance Publishing are shown below: Wages paid to employees Funds spent on equipment Raw materials Wages foregone in another job Cost $122,000 $112,000 $73,000 $171,000 The explicit costs for Reliance Publishing are 5 (Enter your response as a whole number.) The accounting cost for Reliance is O A. $307,000 O B. $234,000 OC. $122,000 OD. $478,000
what is the total number of atoms in molecules reacting
b. times total cost. c. minus total cost. d. divided by total cost. 4. A firm's opportunity costs of production are equal to its a. explicit costs only b. implicit costs only. c. explicit costs+ implicit costs. d. explicit costs + implicit costs+ total revenue. 5. Explicit costs a. require an outlay of money by the firm. b. include all of the firm's opportunity costs. c. include the value of...
If an accountant were to calculate total cost, the accountant would be sure to include only implicit costs. Oinclude only explicit costs include both implicit and explicit costs include neither implicit nor explicit costs. D | Question 5 A business pays incom taxes on O its economic profht. O its accounting proft O its marginal revenue. its total revenue. D Question 6 The choices regarding future production for a business owner is most influenced by her O economic costs. O...
Which of the following is an example of something that economists would consider a cost but accountants would not? O A. the cost of advertising B. the interest income foregone by the firm's owner because the owner invested funds into the firm O C. the salary that the firm actually pays to the firm's owner O D. the cost of materials and supplies purchased by a firm
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago