Accountants include ________ costs as part of a firm's costs, while economists include ________ costs.
A. explicit; no explicit
B. implicit; no implicit
C. explicit and implicit; implicit
D. explicit; explicit and implicit
Answer: D
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Tanesha sells homemade candles over the Internet. Her annual revenue is $64,000 per year, the explicit costs of her business are $17,000, and the opportunity costs of her business are $22,000. What is her economic profit?
A) $17,000 B) $25,000 C) $42,000 D) $47,000
Suppose a bank has total assets of $3,000,000,000 and total deposits and other liabilities of $2,800,000,000. The bank's leverage ratio is
A) 6.7%. B) 7.1%. C) 5.6%. D) 93.3%.
After World War II, the U.S. dollar was to become the main, official "reserve currency of the new international order," according to Hughes and Cain (2011)
Indicate whether the statement is true or false
Investment in a new facility is likely to increase the annual profit of a fertilizer producer by $85 . The producer will purchase the facility only if it requires an annual investment of $90
Indicate whether the statement is true or false