(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.:- M92582641
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

Discussion topic 1there are several functions of

Discussion Topic 1 There are several functions of advertising that must be kept in mind when putting together MARCOM for a company. These include informing, influencing, reminding and increasing salience, adding value, a ...

What are some of the differences between a manager and a

What are some of the differences between a Manager and a Leader, and why is his distinction so important?

What is the total interest of a periodic deposit of 2000

What is the total interest of a periodic deposit of 2000 made at the end of each compound period if the interest rate is 6% and the number of periods is 10 A: 6361 B: 6613 C: 6278 D: 6824

What is a good analogy of subnetting whats a break down of

What is a good analogy of Subnetting? What's a break down of how it is used within a company?

Elenas income is 600 she spends all of it on tickets to

Elena's income is $600. She spends all of it on tickets to concerts and films. A concert ticket costs $30 and a film ticket costs $10. How many tickets of each type will be in Elena's optimal consumptionbundle? Her MRSCF ...

The field of human resources is evolving from providing

The field of human resources is evolving from providing services to an organization to becoming a strategic partner in its growth. Analyze and discuss how the role of human resources today can provide value as a strategi ...

Phase 1 discover and assessstep 1 identify discomforts in

"Phase 1: Discover and Assess Step 1: Identify discomforts in the community (or organization). Step 2: Find out what has been done. Step 3: Invite others into the assessment process. Phase 2: Focus and Commit Step 4: Ana ...

Article Article: https://hbr.org/2018/05/managing-21st-century-political-risk Based on

Article: https://hbr.org/2018/05/managing-21st-century-political-risk Based on the description of political risk in this article, identify and briefly discuss two loss exposure identification methods for political risk. ...

1nbspwhy is strategic control important in the strategy

1. Why is strategic control important in the strategy implementation process? 2. What are the four major types of strategic control? 3. What are the pros and cons of each?

1in the united states many agricultural products such as

1.In the United States, many agricultural products (such as corn, wheat, and rice) are subsidized. What are the benefits of subsidizing these products? Instructions: You may select more than one answer. Click the box wi ...

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