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5 Give a brief description of a implicit and explicit cost b actual and opportunity cost?
Wiki User
∙ 12y ago
Fcuk u. Go n search it urself.
Wiki User
∙ 12y ago
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Give a brief description of implicit and explicit cost?
Explicit costs are payments the firm makes for inputs such as wages and salaries to its employees, whereas implicit costs are non-expenditure costs that occur through the use of self owned resources such as foregone income.
What are the parts of market list?
item actual cost estimated cost unit quantity description
What is the statement regarding a actual piece of art?
description
How hot is tepid in Fahrenheit?
Tepid is just a description of temperature not an actual temperature so there is no actual value for it.
Why is I Miss You by blink-182 considered explicit?
I haven't heard this, but my guess would be that it is because of the music video, not the actual song.
What are synonyms for concrete?
specific, precise, explicit, definite, clear-cut, unequivocal, real, material, actual, substantial, tangible, factual
What has the author Frank Vincent written?
Frank Vincent has written: 'The land of the white elephant' -- subject(s): Description and travel 'In and out of Central America' -- subject(s): Description and travel 'Actual Africa' 'Actual Africa' 'Around and about South America' -- subject(s): Description and travel
How tall is Angel Moroni?
No description of the actual Angel Moroni's heighth exists.
A statement regarding the actual content of a piece of art?
description
What do you think about including opportunity cost in the performance evaluation of a data mining model?
Opportunity cost can be defined as the cost of any activity measured in terms of the value of the next best alternative foregone (that is not chosen). It is the sacrifice related to the second best choice available to someone, or group, who has picked among several choices. Opportunity Cost is a choice depends on what has to taken up. We can have an option of two or more options has Opportunity cost. Opportunity Cost is helpful when calculating the price and profit of choices. Although opportunity costs are not generally considered by accountants-financial statements only include explicit costs, or actual outlays-they should be considered by managers. Most business owners do consider opportunity costs whenever they make a decision about which of two possible actions to take. Small businesses factor in opportunity costs when computing their operating expenses in order to provide a bid or estimate on the price of a job.
What is opportunity cost when referring to investors?
Although not an actual cost, opportunity cost to an investor is the income he could have earned if he had invested in the next best alternative to the one he actually made.
What Is the defendants role at a pretrial hearing?
To hear the actual charges against him, and the opportunity to plead guilty or not guilty.
