Q. Assume a company incurs the subsequent costs:
Worker $400
Equipment $300
Materials $100
It owns the building so it doesn't have to pay the $800 in rent.
a. Illustrate what is the total accounting cost?
b. Illustrate what is the total economic cost?
c. Elucidate why these are different in this way.
Q. Illustrate what were the major factors that have affected US household consumption While the recession in 2001?
Q. "In a world without information also transaction costs, financial intermediaries would not exist." Is this statement true, false, or uncertain? Explain.