Explicit costs, Microeconomics

Joe is the owner-operator of Joe’s Haircuts Unlimited. Last year he earned $100,000
in total revenues and paid $65,000 to his employees and suppliers. During the
course of the year he received three offers to work for other barbers, with the highest
offer being $40,000 per year. What are Joe’s implicit costs?
Posted Date: 11/22/2012 6:08:39 PM | Location : United States







Related Discussions:- Explicit costs, Assignment Help, Ask Question on Explicit costs, Get Answer, Expert's Help, Explicit costs Discussions

Write discussion on Explicit costs
Your posts are moderated
Related Questions
What is Cost Push Inflation Cost Push Inflation :    When a cost of production (e.g. wages) enhances and firms put up prices to maintain profits. Cost increases may occur beca

. Crumble Corporation produces cookies. Here is the relationship between the number of workers and output (in dozens of cookies) in a given day: Workers Output Marginal Product

Problem 1: i) Distinguish between the different types of concentration measures. ii) Derive and explain the Dorfman and Steiner (1954) condition for optimal advertising.

Long Waves: Longer-term periods of stagnation or growth in the economy, that can last for a decade or more and reflect broader changes in technology, politics, and international re

hi, how much does it cost for you guys to write a 5-6 pages on a article on supply and demand? However, on the 5-6 pages it wont all be writings..i need a few graphs. i would need

schedule and diagram of iso cost

Why has it been difficult to produce a single estimate of an environmentally adjusted or "greened" GDP? What are the two approaches that can be used to put a value on environmental

Hi I need help with elasticity. I think the problem has already been posted to your site.

using the indifference curve approach explain why the demand curve slope downwards from left to right...... is there any exceptions?

Determine the Returns to Scale Use the following production function and budget constraint to answer the questions below. Q = L + K                            1000 = 2L +