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11 Ιαν 2019 · Diagrams of cost curves - short run, long run. Average costs, marginal costs, average variable costs and ATC. Economies of scale and diseconomies.
This staff can be wielded as a magic quarterstaff that grants a +3 bonus to attack and damage rolls made with it. The staff has 10 charges. When you hit with a melee attack using it, you can expend up to 3 of its charges. For each charge you expend, the target takes an extra 1d6 force damage.
Staff of Striking. This staff can be wielded as a magic quarterstaff that grants a +3 bonus to attack and damage rolls made with it. The staff has 10 charges. When you hit with a melee attack using it, you can expend up to 3 of its charges.
29 Ιαν 2020 · How do we define opportunity cost? It’s the 'value of the next-best alternative when a decision is made; it's what is given up,' explains senior economic education specialist Andrea Caceres-Santamaria.
We can distinguish between two types of cost: explicit and implicit. Explicit costs are out-of-pocket costs, that is, actual payments. Wages that a firm pays its employees or rent that a firm pays for its office are explicit costs. Implicit costs are more subtle, but just as important.
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These two definitions of cost are important for distinguishing between two conceptions of profit, accounting profit, and economic profit. Accounting profit is a cash concept. It means total revenue minus explicit costs—the difference between dollars brought in and dollars paid out.
