User Account

All Pages

Explain the difference between explicit and implicit costs

Assignment Help Macroeconomics
Reference no: EM131901936

Explain the difference between explicit and implicit costs using an example if appropriate. Why is it that economists consider both explicit and implicit costs to be part of total costs while economists do?

Reference no: EM131901936

Questions Cloud

Calculate the expected return and variance of portfolios : Calculate the expected return and variance of portfolios invested in T-bills and the S&P 500 index with weights as follows.
Open-market operations represents seignorage : The Fed buys government bonds from banks and burns them (i.e., the Fed does not demand payment for the bonds at maturity).
Write a memo to the board of ethics : An hourly employee (paid for how many hours she works rather than a fixed salary) had been an incredibly diligent worker until her 10-year-old son.
Compute the price per share and the market value of the firm : Consider an all-equity firm. The face value of the shares is 15€ and the book value of equity is 225 million euros.
Explain the difference between explicit and implicit costs : Why is it that economists consider both explicit and implicit costs to be part of total costs while economists do?
Proposal to secure funding for a neuroscience investigation : you will finalize your grant proposal to secure funding for a neuroscience investigation. This assignment will involve integrating information covered Applicati
Analyse and evaluate a third party db application : Analyse and evaluate a 3rd party db application; details will be given in class. Brief description of the functionality of this 3rd party db application
Have the poor become poorer under capitalism : He said that the accumulation of capital helps the rich get richer while simultaneously making the poor get poorer.
Why is employee empowerment advantageous for an organization : Write a paper discussing employee empowerment from the perspective of the employee and the manager. I need this answered like ASP!

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd