What are differences between differential and explicit cost
What are the differences between differential cost and explicit cost?
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Differential Cost:
This refers to the change in cost because of change in the level of activity or method of production or pattern of production.
Explicit Cost:
These costs are those costs that are really paid (or paid in cash.). all they are paid out costs.
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For most kinds of labor, the most accurate ranking of labor supplies through most elastic to least elastic is most likely: (1) firm, small industry, occupation. (2) economy, individual, occupation. (3) firm, economy, occupation. (4) individual worker,
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When comparing such labor supplies in this illustrated figure, this is clear that the income effect of a change within wage rates is: (w) positive for Morgan and negative for Chandra. (x) more powerful than the substi
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What are the advantages and disadvantage of naive method?
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What are the Environmental or external issues of managerial economics?
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Demand for labor of this purely competitive firm in given figure corresponds to: (1) line segment ab. (2) line segment bd. (3) line segment be (4) line segment df. (5) line segment dg. Discover Q & A Leading Solution Library Avail More Than 1447449 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1927763 Asked 3,689 Active Tutors 1447449 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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