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Strike441 [17]
3 years ago
14

Accounting profits are typically a. greater than economic profits because the former do not take implicit costs into account. b.

equal to economic profits because accounting costs include all opportunity costs. c. smaller than economic profits because the former do not take implicit costs into account.d. greater than economic profits because the former do not take explicit costs into account.
Social Studies
1 answer:
notka56 [123]3 years ago
3 0

Answer:

The correct answer is option a.

Explanation:

Accounting profit is the difference between total revenue earned and total explicit costs incurred in the process of production. Explicit cost is the direct cost involved in the production process.

The economic profit is the difference between the total revenue earned and the total explicit as well as the implicit cost incurred. The implicit costs are the indirect cost or opportunity cost of production.

Since accounting profit does not take into account implicit costs, it is greater than economic profit.

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Effective communication is said to have taken place when information is passed from the sender and transmitted to the receiver and the receiver understands the information and gives feedback.

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As regards the question, at a point, the sender is the hospitalized child and the family. The medium of communication should be talking to the nurse with there mouth while the nurse is the receiver. The sender and receiver exchange roles at some points.

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In the question above, the different emotions experienced by Harley can best be explained by the two-factor theory.

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