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Ksju [112]
3 years ago
11

Which of the following statements are examples of labor except:

Business
1 answer:
Dmitry [639]3 years ago
7 0

Answer:

C) a group of church members gather clothes for a clothing drive for the poor in their community.

Explanation:

The stated example is and example of voluntary work, which by most statutes does not count as labor. Although volunteering is technically work, it does not count as labor as volunteers are not paid for what they do. Instead, they do it for an ethical purpose which is not related to getting money. Therefore, volunteers do not coun as the working labor force.

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Economic profits are Multiple Choice always larger than accounting profits. the sum of accounting profits and implicit costs. eq
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Answer:

The answer is: Economic profits is equal to the difference between accounting profits and implicit costs.

Explanation:

Unlike accounting profits which only take explicit expenses into account, Economic profits take both explicit and implicit costs into account to come up with the net worth a firm/a project is generating.

These implicit costs are opportunity costs which by operating a firm or by taking a project, an economic benefit has to be sacrificed for the firm or the project to be operated/ carried out.

So, to come up with economic profit from accounting profit, we have to further subtract implicit cost from accounting profit or:

Economic profit = Accounting profit - Implicit costs.

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3 years ago
To become an architect, you need six years of education. To become a physical therapist, you need two years of education. Which
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Even though I'd think a therapist makes more.
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2 years ago
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3 years ago
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