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vazorg [7]
3 years ago
7

The difference between zero accounting profit and zero economic profit is that A. economists include opportunity cost in zero ec

onomic profit, while accountants do not include opportunity cost in zero accounting profit. B. economists do not include opportunity cost in zero economic profit, while accountants do include opportunity cost in zero accounting profit. C. economists include opportunity cost in zero accounting profit, while accountants do not include opportunity cost in zero economic profit. D. economists do not include opportunity cost in zero accounting profit, while accountants do include opportunity cost in zero economic profit.
Business
1 answer:
umka21 [38]3 years ago
3 0

Answer:

The correct answer is A. economists include opportunity cost in zero economic profit, while accountants do not include opportunity cost in zero accounting profit.

Explanation:

Because the economists include opportunity cost in their profit calculation, economic profits always tend to be lower than the accounting profits and economic losses does not necessarily mean that accounting there are accounting losses.

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Answer: 2) increasing opportunity costs.

Explanation:

The Production Possibilities frontier is bowed out as it shows that for one more unit of a good to be produced, an additional unit of the other good must be given up.

This represents increasing opportunity costs because opportunity cost is the cost we incur for choosing one alternative over another. By producing more and more of one good, we give up more and more of the other good which means that our opportunity cost rises.

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3 years ago
The journal entry to record direct labor used in process costing is a(n):___________
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Answer:

b. increase in assets and an increase in liabilities.

Explanation:

The journal entry to record the direct labor cost used is shown below:

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(Being the direct labor cost used is recorded)

Here the work in process is debited as it increased the assets and credited the wages payable as it also increased the liabilities

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2 years ago
Please select the industry-standard types of cameras. A)Point and shoot B)Camera Phone C)HDR D)Polaroid E)DSLR
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Answer: Polaroid and HDR D

Explanation:

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3 years ago
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Which of the following explains why the aggregate demand curve is downward sloping?a. The interest rate effectb. The real balanc
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<u>Answer: </u>

The interest rate effect explains why the aggregate demand curve is downward sloping.

<u>Explanation: </u>

  • The interest rate effect proposed by Keynes suggests the reasons for why is the aggregate demand curve downward sloping.
  • It states that, when the interest rates are low, people choose to invest owing to the decreased costs of investment. This investment stimulates a drop in the levels of price.
  • The dropped prices thus increase the aggregate demand for the commodities of which the price has dropped.
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2 years ago
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When there is a surplus of goods and the government does not intervene to stabilize prices, the prices will keep dropping in an effort to sell the good off.

According to the Law of Supply and demand:

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This will be done in an effort to at least recuperate some of the costs of production instead of suffering a total loss when people don't buy the goods as is the case with these holiday toys.

We can therefore conclude that if the government does not intervene to either subsidize the price of these toys or control their price, the prices will keep falling to entice people to buy the goods.

<em>Find out more at brainly.com/question/12169648.</em>

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