Supply of factors of production by their owner

Assignment Help Business Economics
Reference no: EM13836015

Cost in terms of pain, discomforts, disabilities involved in supply of factors of production by their owner are termed as ______

a) Real cost

b) Explicit cost

c) Social cost

d) Implicit cost

Reference no: EM13836015

Questions Cloud

Government style of china affect it''s economic system : How does the government style of China affect it's economic system
Find the probability that at least 2 persons : 1. A study determined that 6% of persons age 65 to 74 have a certain symptoms. A group of 18 persons age 65 to 74 are selected at random. Find the probability that at least 2 persons have the symptoms.
Tobin theory and keynes theory : Of the two theories Tobin theory and Keynes theory which of the following can best fit the real world.
Compare and contrast keyness theory ofthe speculative demand : Compare and contrast Keynes's theory of the speculative demand for money with Tobin's portfolio selection theory utilizing the expected utility hypothesis.
Supply of factors of production by their owner : Cost in terms of pain, discomforts, disabilities involved in supply of factors of production by their owner are termed as ______a) Real cost b) Explicit cost c) Social cost d) Implicit cost
What study limitations were identified by the researcher : Describe and critique the researcher's interpretation of findings. What study limitations were identified by the researcher? How did the researcher generalize the findings? What were the implications of the findings for nursing
A major reason for using contractions : a major reason for using contractions
What are the most critical strategy-related challenges : What are the most critical strategy-related challenges or decisions facing the organization in this case. What option(s) do you think would be most beneficial for this organization. Why
Describe zephyr and borea the west wind and north wind : describe Zephyr and Borea the West Wind and North Wind

Reviews

Write a Review

Business Economics Questions & Answers

  Identify increasing price of textbooks

To better identify increasing price of textbooks, dean asks you, economics Department's star student, to create an index of textbook price. Average student purchase three English, two math and four economics textbook. Prices of these books are giv..

  Explain the factors that affected labor demand and labor

What was the impact on the supply and demand of labor on one sector of the labor market? Explain the factors that affected labor demand and labor supply in the chosen historical example.

  Illustrate what happens to employment output

Congress cannot dictate how many workers industries hire at mandated wage. Given this fact, Illustrate what are effects of this law. Specifically, illustrate what happens to employment, output and total amount earned by workers.

  What is the current account balance

Using the national income identity find the value of imports (IM). Illustrate what is the current account balance. Illustrate what is the savings rate.

  Explain why the food stamp program

Explain why the food stamp program can have the same effect on the consumption pattern and well-being of recipients as an outright.

  What is the firms short-run fixed cost

If a firm’s short-run average total cost function and its short run variable cost function satisfy: SAC(200, w, r, K) = 16, SAVC(200, w, r, K) = 12, SAVC(400, w, r, K) = 16, at a specific wage w, a specific rental rate r, and specific fixed capital l..

  Use them to increase the money supply

You are Chair of the Federal Reserve Board. In your meeting with the Federal Open Market Committee, the committee unanimously votes to increase the money supply using open market operations (OMOs). During the press conference after the meeting a repo..

  What is the yrly equivalent expense

Illustrate what is the present equivalent of the overhaul expenses at time 0. Illustrate what is the yrly equivalent expense during only yrs 5-13.

  Johns present value of lifetime earnings in alternative

John lives for three periods. He is currently considering two alternative education-work options. Alternative 1: he can start working immediately, earning $100,000 in period 1, $110,000 in period 2, and $120,000 in period 3. Alternative 2: he can spe..

  Evolutionary perspective represents path to future of change

Looking out over the next decade, estimate the likely standards of how MNE will create value. In your own opinion, which form of the MNE of the future is best designed to succeed? Why? Presuming IBM’s evolutionary perspective best represents the path..

  International parcel service has installed a new radio

The international parcel service has installed a new radio frequency identification system to help reduce the number of packages that are incorrectly delivered.

  Manager of a local sporting goods store recently purchase

You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost

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!

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