Microeconomics Week 4 Homework Chapter 6: #4 An explicit cost is the monetary payment a firm must make to an outsider to obtain a resource. An implicit cost is the monetary income a firm sacrifices when it uses a resource it owns rather than supplying the resource in the market. Say you owned a deli shop. Examples of explicit costs would be the salaries of your employees‚ the cost of the building (electricity‚ plumbing‚ etc.) and all the different ingredients and foodstuffs you need to
Premium Costs Economics Cost
Checkpoint Week 4 XECO 212 Checkpoint Week 4 Axia College Material Appendix C Differentiating Between Market Structures Table and Questions Fill in the matrix and describe differences in public and private goods‚ common resources‚ and natural monopolies. Use your book and the Tomlinson video tutorials as a tool to help you answer questions about market structures. | Example | Is there a rival in consumption? | Is it excludable? | Private Good | Salad Bowl | Yes. I paid for it
Premium Goods Public good Economics
Knowledge for unit Unit 502 (SHC52) Unit title:- Promote professional development Level: 4 Credit value: 4 UAN: L/602/2578 Unit aim The purpose of this unit is to assess the learner’s knowledge required to promote the professional duty to maintain the currency of knowledge and skills and the need to continually reflect on and improve practice. Learning outcomes There are four learning outcomes to this unit. The learner will: 1. Understand principles of professional development 2. Be
Premium UCI race classifications Tour de Georgia Learning
contractor’s communications 4 of which LU responded to on the 31/07/2017 conditionally accepting 29 Final account packs with a total value of £110‚118.70 (1% of the total Value of the uploaded accounts)‚ rejected 33 Final account packs with a total value of £4‚862‚956.41 (49% of the total Value of the uploaded accounts). This averages a 115.25 day delay across these four communications (Delay being calculated as the number of days between the final date to respond [Four weeks after the issue date as
Premium Generally Accepted Accounting Principles Balance sheet Revenue
Individual Assignment: Week 4 QNT 561 November 1‚ 2010 Lee Chang Question 5 In the following situations‚ decide whether you would use a personal interview‚ telephone survey‚ or self-administered questionnaire. Give your reasons. a) A survey of the residents of a new subdivision on why they happened to select that area in which to live. You also wish to secure some information about what they like and do not like about life in the subdivision. In this situation I would use a personal
Premium Fortune 500 Telephone Fortune
Homework Assignment Week 4: questions & problems Chapter 13 - Discussion Question # 3‚ page 539: Define aggregate planning – Also known as aggregate scheduling is concerned with determining the quantity and timing of production for the intermediate future‚ often from 3 to 18 months ahead. Chapter 13 - Discussion Question # 5‚ page 539: List the strategic objectives of aggregate planning. Which one of these is most often addressed by the quantitative techniques of aggregate planning? For manufacturers
Premium Management Planning Project management
Week Four Student Guide Although Information systems allow us to gather unprecedented amounts of data‚ implementing them can be a daunting task. This week you are shown the various phases of the systems development life cycle. You will use presentation tools to communicate the business objectives of information systems to managers. Systems Development Life Cycle and Presentation Tools OBJECTIVE: Describe the systems development life cycle. Resources: Ch. 12 & Technology Guide 4 of Introduction
Premium Systems Development Life Cycle Computer network Rapid application development
Case 1 How general Motors is collaborating online 1) For any Car manufacturing industries needs to go through a frontal crash test. General Motors had also builds prototypes which cost around million dollars for each car and test how they react to frontal crash.GM crashes these cars‚ makes improvements‚ then make new prototypes and crashes them again. By these crashes GM gets many information for their new design and test results‚ which they have to share it among around 20000 designers and engineers
Premium Wireless Wi-Fi Wireless network
This archive file comprises BSHS 355 Week 4 Team Assignment (Social Security Act) 1 Deadline: ( )‚ General Questions - General General Questions Question 1 1. Which of the following best describes how a corporation‚ which has not made any special tax elections‚ and its shareholders‚ are taxed? The corporation is not taxed‚ but the shareholders are taxed on their dividends. The corporation is taxed‚ but the shareholders are
Premium Limited liability company Corporation
HSM/220 Week 4 checkpoint Intrinsic and extrinsic motivation 11/14/2013 Intrinsic and extrinsic motivations are the factors that are needed to motivate employees to put fourth their best effort so they can be great at what they do in the work place. Managers strive to achieve a job well done by their employees‚ they must help by making sure they provide the best qualities and work factors to motivate them to do the best they can. In order to be noticed by superiors so they might advance
Premium Motivation