Which of the following are correct statements about implicit and explicit costs?
i. Normal profit is an implicit cost.
ii. Economic depreciation is an explicit cost.
iii. Wages are an explicit cost.
A) ii and iii
B) i and iii
C) iii only
D) i, ii, and iii
E) i only
B
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There is public dissaving if
A) G + TR > T. B) G + TR < T. C) TR < G + T. D) TR > G + T.
Dumping typically occurs because
A) the exporting country raises its prices to increase profits. B) the exporting country usually is experiencing a recession and has excess production. C) the importing country is experiencing a recession. D) the importing country has assessed significant tariffs.
If output is below the full-employment level of output, we should expect wages to increase over time
a. True b. False
Make a case for 360-degree performance evaluation based on the informativeness principle. What problems may be encountered from implementation of such a system?
What will be an ideal response?