Description
Please share an example of a business with which you are familiar. It could be producing any good or service. For that business first describe the good or service produced and then give a specific example of:
1. Explicit fixed cost
2. Explicit variable cost
3. Implicit fixed cost
4. Implicit variable cost
Explanation & Answer
Attached. Please let me know if you have any questions or need revisions.
Running Head: IMPLICIT AND EXPLICIT COSTS
Implicit and Explicit Costs
Name
Instructor
Institutional Affiliation
Date
1
IMPLICIT AND EXPLICIT COSTS
Elio Motor Company is one company that I am familiar of that de...
Review
Review
24/7 Study Help
Stuck on a study question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Similar Content
Related Tags
The 5 Love Languages
by Gary Chapman
Brave New World
by Aldous Huxley
The Lord of the Flies
by William Golding
Breakfast at Tiffanys
by Truman Capote
The Bell Jar
by Sylvia Plath
The Nightingale
by Kristin Hannah
Dandelion Wine
by Ray Bradbury
All the Kings Men
by Robert Penn Warren
Epic of Gilgamesh
by Unknown