Answer:
a. Barney's monthly explicit costs: $161;
b. Barney's monthly implicit costs: $11,816;
c. Barney's monthly economic costs: $11,977
Explanation:
a.
Barney's monthly explicit costs include any costs that he actually paid extra every month as the result from running his business including: cost of office supplies + cost of electricity bill = $71 + $90 = $161
b.
Barney's monthly implicit costs include any cost that he does not actually pay extra, yet he has to sacrifice these income as the results of running his business which includes: Cost related to his salary sacrifice + Cost related to his apartment rental = 10,890 + 926 = $11,816
c. Barney's monthly economic costs = Barney's monthly explicit costs + Barney's monthly implicit costs = $11,977
Tesla has created over 1,500 jobs at its ATVM-supported facilities. The Department of Energy's investment in Tesla supports the commercial deployment of advanced technologies that help U.S. automakers remain competitive in the growing global advanced vehicle market. This is the purpose of tesla serving the economy.
The economy is the field of production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.
Learn more about the economy here:brainly.com/question/1106682
#SPJ4
