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
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.
what are the difference between relevance and irrelevance theories of dividends
Hypothesis is a guess a theory is an answer
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law is based on fact theory is a concept/idea
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.
Behavioral science focuses on understanding human behavior through empirical research and scientific methods. It emphasizes applying principles from psychology, sociology, and other disciplines to analyze and predict human behavior. On the other hand, the human relations approach focuses on studying how social and psychological factors impact human interactions in organizations, with an emphasis on improving communication, motivation, and group dynamics to enhance productivity and employee satisfaction.