Transfer earning or alternative cost is otherwise known as (1) Variable cost (2) Implicit cost (3) Explicit cost (4) Opportunity cost (economic cost)

Transfer earning or alternative cost is otherwise known as (1) Variable cost (2) Implicit cost (3) Explicit cost (4) Opportunity cost (economic cost) 
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Opportunity cost (economic cost)
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Transfer earning or alternative cost is otherwise known as - (1) Variable cost (2) Implicit cost (3) Explicit cost. (4) Opportunity cost

Description : Transfer earning or alternative cost is otherwise known as - (1) Variable cost (2) Implicit cost (3) Explicit cost. (4) Opportunity cost

Last Answer : (4) Opportunity cost

The difference between accounting profits and economic profits is: A. Implicit Cost B. explicit costs C. Fixed Costs D. Variable Costs

Description : The difference between accounting profits and economic profits is: A. Implicit Cost B. explicit costs C. Fixed Costs D. Variable Costs

Last Answer : ANSWER: A

he non-expenditure costs which arise when the producing firm itself owns and supplies certain factors of production are - (1) Explicit costs (2) Original costs (3) Implicit costs (4) Replacement costs

Description : he non-expenditure costs which arise when the producing firm itself owns and supplies certain factors of production are - (1) Explicit costs (2) Original costs (3) Implicit costs (4) Replacement costs

Last Answer : (3) Implicit costs Explanation: In economics, an implicit is the opportunity cost equal to what a firm must give up in order to use factors which it neither purchases nor hires. It is ... instead of renting, selling or lending it. These are costs a business incurs without actually spending money.

The non-expenditure costs which arise when the producing firm itself owns and supplies certain factors of production are (1) Explicit costs (2) Original costs (3) Implicit costs (4) Replacement costs

Description : The non-expenditure costs which arise when the producing firm itself owns and supplies certain factors of production are (1) Explicit costs (2) Original costs (3) Implicit costs (4) Replacement costs

Last Answer :  Implicit costs

The cost of any activity measured in terms of the value of the next best alternative forgone a). Economic cost b). Variable cost c). Opportunity cost d). Marginal cost

Description : The cost of any activity measured in terms of the value of the next best alternative forgone a). Economic cost b). Variable cost c). Opportunity cost d). Marginal cost

Last Answer : c). Opportunity cost

What is the Difference between an implicit cost and explicit cost?

Description : What is the Difference between an implicit cost and explicit cost?

Last Answer : What is the answer ?

The opportunity cost of a factor of production is - (1) what it is earning in its present use. (2) what it can earn in the long period. (3) what has to be paid to retain it in its present use. (4) what it can earn in some other use.

Description : The opportunity cost of a factor of production is - (1) what it is earning in its present use. (2) what it can earn in the long period. (3) what has to be paid to retain it in its present use. (4) what it can earn in some other use.

Last Answer : (4) what it can earn in some other use. Explanation: The opportunity cost of a choice is the value of the best alternative forgone, in a situation in which a choice needs to be made between ... given limited resources. It is equivalent to what a factor could earn for the firm in alter-native uses.

The opportunity cost of a factor of production is (1) what it is earning in its present use. (2) what it can earn in the long period. (3) what has to be paid to retain it in its present use. (4) what it can earn in some other use.

Description : The opportunity cost of a factor of production is (1) what it is earning in its present use. (2) what it can earn in the long period. (3) what has to be paid to retain it in its present use. (4) what it can earn in some other use.

Last Answer : what it can earn in some other use.

Which of the following costs is related to marginal cost? (1) Variable Cost (2) Implicit Cost (3) Prime Cost (4) Fixed Cost

Description : Which of the following costs is related to marginal cost? (1) Variable Cost (2) Implicit Cost (3) Prime Cost (4) Fixed Cost

Last Answer : (1) Variable Cost Explanation: In economics, marginal cost is the change in the total cost that arises when the quantity produced is Incremented by one unit. That is, it is the cost of producing one more ... in the short run. It is only the variable costs that vary with output in the short run.

Which of the following costs is related to marginal cost? (1) Variable Cost (2) Implicit Cost (3) Prime Cost (4) Fixed Cost

Description : Which of the following costs is related to marginal cost? (1) Variable Cost (2) Implicit Cost (3) Prime Cost (4) Fixed Cost

Last Answer : Variable Cost 

Explicit and implicit values of "I Have a Dream"?

Description : Explicit and implicit values of "I Have a Dream"?

Last Answer : answer:I haven't heard that speech in many years. But I would think that the bulk of it's content would be considered implicit . The speech,as he(MLK) framed it was a story of an abstract reality. A ... and compare them to some of Obama's. Then watch some of Hitler's, and compare them to Trump's

Which of the following is not a method to describe a curve mathematically? a.Explicit form b.Laplace form c.Implicit form d.Parametric form

Description : Which of the following is not a method to describe a curve mathematically? a.Explicit form b.Laplace form c.Implicit form d.Parametric form

Last Answer : b.Laplace form

CHOOSE THE WORD FROM THE OPTIONS WHICH IS NEARLY OPPOSITE IN MEANING TO THE GIVENWORD: Obscure A. Academic B. Implicit C. Explicit D. Ugly

Description : CHOOSE THE WORD FROM THE OPTIONS WHICH IS NEARLY OPPOSITE IN MEANING TO THE GIVENWORD: Obscure A. Academic B. Implicit C. Explicit D. Ugly

Last Answer : ANSWER: C

CHOOSE THE WORD FROM THE OPTIONS WHICH IS NEARLY OPPOSITE IN MEANING TO THE GIVENWORD: Obscure A. Academic 103 B. Implicit C. Explicit D. Ugly

Description : CHOOSE THE WORD FROM THE OPTIONS WHICH IS NEARLY OPPOSITE IN MEANING TO THE GIVENWORD: Obscure A. Academic 103 B. Implicit C. Explicit D. Ugly

Last Answer : ANSWER: C

CHOOSE THE WORD FROM THE OPTIONS WHICH IS NEARLY OPPOSITE IN MEANING TO THE GIVENWORD: Obscure A. Academic B. Implicit C. Explicit D. Ugly

Description : CHOOSE THE WORD FROM THE OPTIONS WHICH IS NEARLY OPPOSITE IN MEANING TO THE GIVENWORD: Obscure A. Academic B. Implicit C. Explicit D. Ugly

Last Answer : ANSWER: C

Difference between an implicit & an explicit cursor.?

Description : Difference between an implicit & an explicit cursor.?

Last Answer : only one row. However,queries that return more than one row you must declare an explicit cursor or use a cursor FOR loop. Explicit cursor is a cursor in which the cursor name is explicitly ... statements An implicit cursor is used to process INSERT, UPDATE, DELETE and single row SELECT. .INTO

Explain when a type conversion will undergo an implicit cast and when you must perform an explicit cast. What are the dangers associated with explicit casts?

Description : Explain when a type conversion will undergo an implicit cast and when you must perform an explicit cast. What are the dangers associated with explicit casts?

Last Answer : Types can be implicitly converted when the conversion can always take place without any potential loss of data. When a potential loss of data is possible, an explicit cast is required. If an explicit cast is improperly performed, a loss of data precision can result, or an exception can be thrown.

Is constructor or destructor inheritance explicit or implicit? What does this mean?

Description : Is constructor or destructor inheritance explicit or implicit? What does this mean?

Last Answer : Constructor or destructor inheritance is explicit…. Public Extended : base() this is called the constructor initializer.

What is explicit vs. implicit conversion?

Description : What is explicit vs. implicit conversion?

Last Answer : When converting from a smaller numeric type into a larger one the cast is implicit. An example of when an explicit cast is needed is when a value may be truncated. 

Which functions are used as preferences over state history? a) Award b) Reward c) Explicit d) Implicit

Description : Which functions are used as preferences over state history? a) Award b) Reward c) Explicit d) Implicit

Last Answer : b) Reward

As the instruction length increases ————_ of instruction addresses in all the instruction is_ a. Implicit inclusion b. Implicit and disadvantageous c. Explicit and disadvantageous d. Explicit and disadvantageous

Description : As the instruction length increases ————_ of instruction addresses in all the instruction is_ a. Implicit inclusion b. Implicit and disadvantageous c. Explicit and disadvantageous d. Explicit and disadvantageous

Last Answer : c. Explicit and disadvantageous

Define what is the difference between Implicit wait and Explicit wait?

Description : Define what is the difference between Implicit wait and Explicit wait?

Last Answer : Implicit Wait: Sets a timeout for all successive Web Element searches. For the specified amount of time, it will try looking for element again and again before throwing a NoSuchElementException. It waits for elements to ... How up. Explicit Wait: It is a one-timer, used for a particular search./p>

Match the following types of variables with the corresponding programming languages: (a) Static variables (i) Local variables in Pascal (b) Stack dynamic (ii) All variables in APL (c) Explicit heap dynamic (iii) Fortran 77 (d) Implicit heap dynamic (iv) All objects in JAVA Codes: (a) (b) (c) (d) (A) (i) (iii) (iv) (ii) (B) (iv) (i) (iii) (ii) (C) (iii) (i) (iv) (ii) (D) (ii) (i) (iii) (iv)

Description : Match the following types of variables with the corresponding programming languages: (a) Static variables (i) Local variables in Pascal (b) Stack dynamic (ii) All variables in APL (c) Explicit heap dynamic (iii) Fortran 77 (d) Implicit ... (ii) (C) (iii) (i) (iv) (ii) (D) (ii) (i) (iii) (iv)

Last Answer : (C) (iii) (i) (iv) (ii) 

Implicit costs are (a) equal to total fixed costs (b) comprised entirely of variable costs (c) payments for self-employed resources(d) always greater in the short run than in the long run

Description : Implicit costs are (a) equal to total fixed costs (b) comprised entirely of variable costs (c) payments for self-employed resources (d) always greater in the short run than in the long run

Last Answer : (c) payments for self-employed resources

Opportunity cost of production of a commodity is - (1) the cost that the firm could have Incurred when a different technique was adopted (2) the cost that the firm could have incurred under a different method of production (3) the actual cost incurred (4) the next best alternative output

Description : Opportunity cost of production of a commodity is - (1) the cost that the firm could have Incurred when a different technique was adopted (2) the cost that the firm could have incurred under a different method of production (3) the actual cost incurred (4) the next best alternative output

Last Answer : (4) the next best alternative output Explanation: The concept of opportunity cost is based on scar-city and choice. The opportunity cost of a commodity is the next best alternative commodity ... to produce alternative goods and services. If one commodity is produced another commodity is sacrificed.

Opportunity cost is a/an (a) spill-over cost (b) money cost © alternative cost (d) social cost

Description : Opportunity cost is a/an (a) spill-over cost (b) money cost © alternative cost (d) social cost

Last Answer : © alternative cost

Opportunity cost of production of a commodity is (1) the cost that the firm could have incurred when a different technique was adopted (2) the cost that the firm could have incurred under a different method of production (3) the actual cost incurred (4) the next best alternative output

Description : Opportunity cost of production of a commodity is (1) the cost that the firm could have incurred when a different technique was adopted (2) the cost that the firm could have incurred under a different method of production (3) the actual cost incurred (4) the next best alternative output

Last Answer : the next best alternative output

An expenditure that has been made and cannot be recovered is called - (1) Variable cost (2) Opportunity cost (3) Sunk cost (4) Operational cost

Description : An expenditure that has been made and cannot be recovered is called - (1) Variable cost (2) Opportunity cost (3) Sunk cost (4) Operational cost

Last Answer : (3) Sunk cost Explanation: In economics and business decision-making, sunk costs are retrospective (past) costs that have already been incurred and cannot be recovered. Sunk costs are sometimes contrasted ... is taken. The sunk cost is distinct from economic loss. Sunk costs may cause cost overrun.

The addition to total cost by producing an additional unit of out-put by a firm is called - (1) Variable cost (2) Average cost (3) Marginal cost (4) Opportunity cost

Description : The addition to total cost by producing an additional unit of out-put by a firm is called - (1) Variable cost (2) Average cost (3) Marginal cost (4) Opportunity cost

Last Answer : (3) Marginal cost Explanation: The addition to total cost by producing an additional unit of output by a firm is called Marginal cost. Average cost is the total cost of producing a given output divided by that output.

The addition to total cost by producing an additional unit of output by a firm is called (1) Variable cost (2) Average cost (3) Marginal cost (4) Opportunity cost

Description : The addition to total cost by producing an additional unit of output by a firm is called (1) Variable cost (2) Average cost (3) Marginal cost (4) Opportunity cost

Last Answer : Marginal cost

An expenditure that has been made and cannot be recovered is called (1) Variable cost (2) Opportunity cost (3) Sunk cost (4) Operational cost

Description : An expenditure that has been made and cannot be recovered is called (1) Variable cost (2) Opportunity cost (3) Sunk cost (4) Operational cost

Last Answer : Sunk cost

Economic cost is the sum of________ a). Variable and fixed costs b). Variable, fixed and opportunity costs c). Fixed and opportunity costs d). Variable, fixed and marginal costs

Description : Economic cost is the sum of________ a). Variable and fixed costs b). Variable, fixed and opportunity costs c). Fixed and opportunity costs d). Variable, fixed and marginal costs

Last Answer : b). Variable, fixed and opportunity costs

Which one is more appropriate for cost of retained earning? A. Weighted Average cost of capital B. Opportunity cost to the firm C. Expected rate of return by the investor D. None of the above

Description : Which one is more appropriate for cost of retained earning? A. Weighted Average cost of capital B. Opportunity cost to the firm C. Expected rate of return by the investor D. None of the above

Last Answer : B. Opportunity cost to the firm

The fixed cost on such factors of production which are neither hired nor bought by the firm is called - (1) social cost (2) opportunity cost (3) economic cost (4) surcharged cost

Description : The fixed cost on such factors of production which are neither hired nor bought by the firm is called - (1) social cost (2) opportunity cost (3) economic cost (4) surcharged cost

Last Answer : (1) social cost Explanation: Social cost is defined as a sum of the private cost and external costs. The social cost is generally not borne by an individual. It may be borne by entire society, city or ... seller sells any product or item to buyer. This cost is added up from the use of that product.

The fixed cost on such factors of production which are neither hired nor bought by the firm is called (1) social cost (2) opportunity cost (3) economic cost (4) surcharged cost

Description : The fixed cost on such factors of production which are neither hired nor bought by the firm is called (1) social cost (2) opportunity cost (3) economic cost (4) surcharged cost

Last Answer : social cost

Fill in the blank. The _____ is the difference between the additional money spent on prevention and the corresponding reduction in the cost of failure. Select one: a. cost-benefit analysis b. implicit cost c. cost of quality d. variable cost e. cost-utility analysis

Description : Fill in the blank. The _____ is the difference between the additional money spent on  prevention and the corresponding reduction in the cost of failure. Select one: a. cost-benefit analysis b. implicit cost c. cost of quality d. variable cost e. cost-utility analysis

Last Answer : c. cost of quality

The expenses on advertising is called - (1) Implicit cost (2) Surplus cost (3) Fixed cost (4) Selling cost

Description : The expenses on advertising is called - (1) Implicit cost (2) Surplus cost (3) Fixed cost (4) Selling cost

Last Answer : (4) Selling cost Explanation: Selling cost is total cost of marketing, advertising, and selling a product. It differs from the production cost which is incurred to produce goods. Selling cost influences the commercial desire to purchase a commodity,

The expenses on advertising is called (1) Implicit cost (2) Surplus cost (3) Fixed cost (4) Selling cost

Description : The expenses on advertising is called (1) Implicit cost (2) Surplus cost (3) Fixed cost (4) Selling cost

Last Answer : Selling cost

__________ is the value of the benefit that is given up by selecting one alternative rather than another 1. Benefit loss 2. Opportunity cost 3. Privileged cost 4. Selection cost 5. Exchange loss

Description : __________ is the value of the benefit that is given up by selecting one alternative rather than another 1. Benefit loss 2. Opportunity cost 3. Privileged cost 4. Selection cost 5. Exchange loss

Last Answer : Opportunity cost

__________ is the value of the benefit that is given up by selecting one alternative rather than another. A)Benefit loss B)Opportunity cost C)Privileged cost D)Selection cost E)Exchange loss

Description : __________ is the value of the benefit that is given up by selecting one alternative rather than another. A)Benefit loss B)Opportunity cost C)Privileged cost D)Selection cost E)Exchange loss

Last Answer : B)Opportunity cost

Which of the following is not an economic problem? (1) Deciding between paid work leisure (2) Deciding between expenditure on one good and the other (3) Deciding between alternative methods of personal savings (4) Deciding between different ways of spending leisure time

Description : Which of the following is not an economic problem? (1) Deciding between paid work leisure (2) Deciding between expenditure on one good and the other (3) Deciding between alternative methods of personal savings (4) Deciding between different ways of spending leisure time

Last Answer : (3) Deciding between alternative methods of personal savings Explanation: The Theory of Economic Problem states that scarcity exists in the sense that only finite and insufficient resources are ... to allocate scarce resources to the provision of various goods and services within the economy.

Which of the following is not an economic problem ? (1) Deciding between paid work and leisure (2) Deciding between expenditure on one good and the other (3) Deciding between alternative methods of personal savings (4) Deciding between different ways of spending leisure time

Description : Which of the following is not an economic problem ? (1) Deciding between paid work and leisure (2) Deciding between expenditure on one good and the other (3) Deciding between alternative methods of personal savings (4) Deciding between different ways of spending leisure time

Last Answer : Deciding between different ways of spending leisure time

A cost independent of the quantity of goods and services produceda). Variable cost b). Fixed cost c). Opportunity cost d). Marginal cos

Description : A cost independent of the quantity of goods and services produced a). Variable cost b). Fixed cost c). Opportunity cost d). Marginal cos

Last Answer : b). Fixed cost

The additional cost from taking a cost of action is called a). Total cost b). Opportunity cost c). Variable cost d). Marginal cost

Description : The additional cost from taking a cost of action is called a). Total cost b). Opportunity cost c). Variable cost d). Marginal cost

Last Answer : d). Marginal cost

The records of exports and imports in goods and services and transfer payments is known as a) Current account b) Budget surplus c) Economic leakage d) degree of openness

Description : The records of exports and imports in goods and services and transfer payments is known as a) Current account b) Budget surplus c) Economic leakage d) degree of openness

Last Answer : a) Current account

The method of calculating the national income by the product method is otherwise known as : (1) Income method (2) Value added method (3) Expenditure method (4) Net output method

Description : The method of calculating the national income by the product method is otherwise known as : (1) Income method (2) Value added method (3) Expenditure method (4) Net output method

Last Answer : (4) Net output method Explanation: Primarily there are three methods of measuring national income. Which method is to be employed depends on the availability of data and purpose. The methods ... account. In this method, National Output = National Expenditure (Aggregate Demand) = National Income.

The method of calculating the national income by the product method is otherwise known as : (1) Income method (2) Value added method (3) Expenditure method (4) Net output method

Description : The method of calculating the national income by the product method is otherwise known as : (1) Income method (2) Value added method (3) Expenditure method (4) Net output method

Last Answer : Net output method

If the production possibility curve is linear, then production is said to be subject of (a) constant opportunity cost (b) decreasing opportunity cost © Increasing opportunity cost (d) first increasing then decreasing opportunity cost.

Description : If the production possibility curve is linear, then production is said to be subject of (a) constant opportunity cost (b) decreasing opportunity cost © Increasing opportunity cost (d) first increasing then decreasing opportunity cost.

Last Answer : (a) constant opportunity cost

Comparative advantage occurs when (a) A country can produce more goods than anyone else (b) A country has a lower opportunity cost in the production of a good than any other country © A country has more product lines than other countries (d) The exchange rate appreciates.

Description : Comparative advantage occurs when (a) A country can produce more goods than anyone else (b) A country has a lower opportunity cost in the production of a good than any other country © A country has more product lines than other countries (d) The exchange rate appreciates.

Last Answer : (b) A country has a lower opportunity cost in the production of a good than any other country