What are implicit costs? an implicit cost is a. a cost that remains constant as output changes. b. a cost that changes as output changes. c. a cost incurred in the long run. d. a nonmonetary opportunity cost. e. the highest-valued alternative that must be given up to engage in an activity. how are implicit costs different from explicit costs? a. an explicit cost is a cost that involves spending money, while an implicit cost is a nonmonetary cost. b. an explicit cost is not an opportunity cost, while an implicit cost is an opportunity cost. c. an explicit cost is a cost incurred holding output constant, while an implicit cost is a cost incurred as output changes. d. an explicit cost is a cost incurred in the short run, while an implicit cost is a cost incurred in the long run. e. both a and b?

Which of the following accurately describes one way that individual goods differ from public goods? a. people can be excluded from using individual goods if they don't pay. b. all individual goods are normal goods. c. demand for individual goods is always inelastic. d. consumer rivalry results in decreasing marginal utility for individual goods.2b2t

In return for their with optimizing his painting project, the castle servant informed poly and digit that he saw someone dressed as the king leaving behind a trail of crumbs as he walked into the jester's room late last night. poly and digit have finally found the crisp-collecting culprit — it turns out the jester's shoe size and hair color match the clues that were found! in gratitude, poly and digit agree to the servant with his current task of replacing all of the tables and chairs in the castle. his goal is to determine which furniture company should produce the new furniture. he receives information from a company that customizes elegant furniture, and he wants to analyze the company's production process in order to calculate some problems about cost and availability. read the following scenario, and assist poly and digit as they the servant with his calculations. the fit for a king furniture company requires 2020 hours of labor to produce a standard table, and a chair requires 1212 hours of labor. the labor available is 565565 hours per week. the company can produce at most 3535 chairs per week.

Question 6 of 102 pointswhich situation shows a constant rate of change? oa. the number of tickets sold compared with the number of minutesbefore a football gameob. the height of a bird over timeoc. the cost of a bunch of grapes compared with its weightod. the outside temperature compared with the time of day