explicit is the market value of all inputs purchased by a producer while implicit cost is the market value of inputs owned by the producer himself.
Stefan Riedelbauch has written: 'The simulation of three-dimensional viscous supersonic flow past blunt bodies with a hybrid implicit/explicit finite-difference method' -- subject(s): Navier-Stokes equation, Heat flux, Blunt bodies, Supersonic flow, Finite difference theory
What is the difference between standard theory and extended standard theory?
Between Scientific Theory and what?
no difference! But there's not such a scientific theory. It's a lyric... I think
what are the difference between relevance and irrelevance theories of dividends
The divine right theory asserts that rulers derive their authority from God and are responsible only to God. In contrast, the social-contract theory posits that political authority is derived from an implicit agreement among individuals to form a society and abide by its rules, with the government serving the people's interests.
Hypothesis is a guess a theory is an answer
[object Object]
law is based on fact theory is a concept/idea
Implicit theory refers to individuals' beliefs or assumptions about the world that are outside of their conscious awareness. These theories can shape how people perceive situations, make decisions, and interact with others. Implicit theories can influence behavior even though individuals may not be consciously aware of them.
Implicit leadership theory is the idea that people have preconceived notions about what traits and behaviors are associated with effective leaders. These beliefs shape how individuals perceive and evaluate leaders, influencing how they respond to them.
Price theory can be referred to as Micro economics and income as Macro.