California Career College Economics Implicit and Explicit Costs Question

User Generated

Wbuaal001

Economics

California Career College

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

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Explanation & Answer

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Running Head: IMPLICIT AND EXPLICIT COSTS

Implicit and Explicit Costs
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IMPLICIT AND EXPLICIT COSTS
Elio Motor Company is one company that I am familiar of that de...


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