What are the explicit costs, Macroeconomics

Assignment Help:

A young chef is considering opening his own sushi bar. to do so, he would have to quite his current job, which pays him $20,000 a year , and take over a store building that he owns a currently rents to his brother for $6,000 a year. His expenses at the sushi bar would be $50,000 for food and $2,000 for gas and electricity what are the explicit costs?

a. $26,000

b. $66,000

c. $78,000

d. $52,000

e. $72,000


Related Discussions:- What are the explicit costs

Equilibrium quantity price and quantity, Over the past few years there has ...

Over the past few years there has been much concern about falling housing prices, and some policy makers have argued that the government should put a floor under prices so that the

Explain the classical motivation, Q. Explain the classical motivation? ...

Q. Explain the classical motivation? The classical motivation: Consumers want to smooth their consumption over time. In good times, consumers know that it is a temporary stat

George and harriet, Consider an economy in which George and Harriet consume...

Consider an economy in which George and Harriet consume only ale and bread. George's utility function is UG = aG(bG- 1) where aG and bG are his consumption of ale and bread. Harrie

Problem sets #2, I want to know price and estimate time on this assignment....

I want to know price and estimate time on this assignment.

What is real gross domestic product, What is Real GDP To be able to ma...

What is Real GDP To be able to make reasonable comparisons of GDP over time, we must adjust for inflation. For instance, if prices are doubled over 1 year then GDP would doubl

Mutual funds into stock also funds from money market, How would the followi...

How would the following influence the growth rates of theM1 and M2 money supply figures over time? a. an increase in the quantity of U.S. currency held overseas b. a shift of f

Explain the term- inventory investment, Explain the term- inventory investm...

Explain the term- inventory investment We would have a negative inventory investment whenever inventories decrease. By net investments we mean gross investments minus depreciat

National income statistics, briefly explain any five uses of national incom...

briefly explain any five uses of national income statistics

Write Your Message!

Captcha
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