Situation:A large company is going to build a computer assembly plant that will enploy several hundred workers.The company will locate the plant near your city if the city will lease it a building for php100 per year for 99years and provide various tax breaks.From your point of view,would the economic benefits of having a new business in town offset the tax revenues and rent given up by the city? Question: 1.If you are the mayor in this situation how can you solve it? 2.If you are the Bank President in this situation how can you solve it?

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Explicit and Implicit Cost Analysis

The entire idea of the cost of production or production cost is applied corresponding or we can say that it is related to money cost. Money cost refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factors of production or factor services.