(Answered) 1 why do economic costs include both explicit revealed and

Management Studies

1.) Why do economic costs include both explicit (revealed and expressed) costs and implicit (present but not obvious) costs?

2.) If a firm's current revenues are less than its current variable costs, when should it shut down? If the firm decides to shut down, should we expect that decision to be final? Explain using an example.

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92580702
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Consider a low wage market assume that the market demand

Consider a low wage market. Assume that the market demand curve is P = 20 - Q/500, and the market supply curve is P = 2 + Q/1,000. Workers in this market are not presently covered by the minimum wage, but the government ...

Q1 define sexuality and discuss how it influences behaviour

Q1. Define sexuality and discuss how it influences behaviour at work Q2. What part do masculinity and femininity play in organizational life?

Auburn creed i believe that this is a practical world and

Auburn Creed: I believe that this is a practical world and that I can count only on what I earn. Therefore, I believe in work, hard work. I believe in education, which gives me the knowledge to work wisely and trains my ...

Trans-pacific partnership tppwhat possible impact could

Trans-Pacific Partnership (TPP) What possible impact could this event have on global trade? Provide a credible citation. What is President Trump's position on the TPP? Citation?

Suppose you have used the following production function to

Suppose you have used the following Production Function to estimate the Industry's average and marginal products for its inputs: Q = 150 L 1/4 K 1/3 M 1/5. Where Q stands for output; L is labor; K is capital (machine ho ...

Do you think that everything we do on the internet is

Do you think that everything we do on the internet is anonymous? Why or why not? Why do you think that it might be important to protect our personal privacy on the internet? What measures do you take to protect your pers ...

A project requires an initial investment of 800 and grants

A project requires an initial investment of $800 and grants cash flows of $100 at the end of year 1, $200 at the end of year 2, $300 at the end of year 3 and $400 at the end of year 4. At a discount rate of 20 percent, i ...

Share an example of an ethical dilemma that can occur

Share an example of an ethical dilemma that can occur within the international business environment. Do not repeat examples from the textbook.

There are many channels of communication within the

There are many channels of communication within the workplace. How would you determine which channel(s) to use to disseminate all of the various types of information that need to be communicated within any given day at y ...

Can you please direct me on how i should go about

Can you please direct me on how I should go about describing an interview by providing 3 structured behavioral questions? Choose a job that you are interested in. You may relate it to your term project by choosing a movi ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert