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

Distinguish static and dynamic gains from trade, Question 1: Critically...

Question 1: Critically analyse the costs of inflation. Which of these items is likely to have encouraged many governments in their adoption of inflation as public enemy number

Solve for all of these questions., Christina Romer and Jared Bernstein in "...

Christina Romer and Jared Bernstein in "The Job Impact of the American Recovery and Reinvestment Plan" calibrated the impact of the proposed expansionary fiscal policy (we know it

Long-run aggregate supply curve, Suppose the potential level of real domest...

Suppose the potential level of real domestic output (Q) for a hypothetical economy is $160 and the price level (P) initially is 200. Use the following short-run aggregate supply

Macroeconomic Analysis, Derive the conditions for steady state in the Solow...

Derive the conditions for steady state in the Solow model. What are its implications? In what respects is the golden rule different from the steady state?

Lagrangian of the consumer, This problem substitutes financial health with ...

This problem substitutes financial health with housing in a 2 period consumption savings model. The representative consumer has the utility function u(c1, c2) = lnc1 + lnc2 with ea

State about the interest rates, State about the Other interest rates Th...

State about the Other interest rates There are many other interest rates in a society. For example, you will earn interest when you deposit money in a bank account and you will

Correlation of investment and interest rate, Suppose the demand for loanabl...

Suppose the demand for loanable funds was stable but the supply fluctuated from year to year. what cause fluctuate in supply?

Describe about consumption function, Q. Describe about consumption function...

Q. Describe about consumption function? The consumption function Consumption C(r) is assumed to be negatively related to the real interest rate r

Benefits of private actions, Public policies often alter the costs and bene...

Public policies often alter the costs and benefits of private actions. Why is it important for policymakers to consider both the direct and indirect effects of public policies? Sel

Explain AS-AD model and inflation, Q. Explain AS-AD model and inflation? ...

Q. Explain AS-AD model and inflation? Even though AS-AD permits changes in the price level, it doesn't allow for persistent inflation or deflation. We can't have continued decr

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