All categories

3 years ago

Why do economists measure profit differently from accountants?

1 answer:

8 0

Accountants only concern themselves with direct costs which involve things like the cost of materials, rent, and labor for instance. This profit is aptly named "accounting profit".

Economists consider those costs as well, but they also include indirect costs such as opportunity costs of other investments. Recall that opportunity cost is the cost of what you give up if you make a certain decision.

For instance, if a car factory makes 4 door sedans, but it could be making more money with SUVs, then the opportunity cost is high and the economic profit is lower compared to the accounting profit.

You might be interested in

Need Opinions for a Paper. Would be super helpful.

guapka [62]

Answer:

it is a little bit of both

Explanation:

while some people use technology for fun and games, others use it to meet new people and use it as a great way to make friends

4 0

3 years ago

Describe the role that the internet or social media has played in the fueling subnational protest movements in countries such as

-BARSIC- [3]

Answer:

Social media and the internet at large played an important role in the facilitation of interaction and communication among people who participated in political protests. These protesters made use of social media to organize both pro and anti-governmental demonstrations, pass information to members about the activities of the protests, and also raise both global and local awareness of how the events unfolded.

The utilization of social media in political movements helped in providing opportunities for activists in the formation of online identities for the protest groups. In this light, social media helped in the promotion of competition in the political systems and dialogue.

Explanation:

5 0

3 years ago

For my DBQ, do I have to use historical context, intended audience and Point of View (all 3 of them for each of my evidences) or

Tresset [83]

My tip for a DBQ is to choose one and use it for your three

4 0

3 years ago

Estimates of early Native American hunter-gather societies indicated that a person could

kogti [31]

Other assumptions associated with this question are as follows:

One person can feed on 1 hen/day for a year
1 hen must east 25 grasshoppers /day
the total mass of 1000 grasshoppers is 1kg
600 grasshoppers are needed to feed 1 human per day

Grasshoppers is represented as Gh.

The total amount needed to feed the hen per year is:

25 x 365= 9,125 Gh/Year

If expressed in Kg, then it would be 9,125/1000 which is
= 9.125Kg/annum.

So if the farmer chose to live on grasshoppers rather than on hens, the calculation is given as follows:

(90 kg/1 hour) x (24 hours/1 day) x (1 person/ 600 Gh)

The amount of Grasshoppers required is given as follows;

If the farmer can gather 90 Gh in one hour then,

The total amount of Gh per day is 90 x 24 = 2,160
the total amount of Gh available in a year is 2160 x 365 = 788,400 Gh/Year
If 600 grasshoppers are quired to feed the human per day, then we work backward
The total amount of Gh available in a day is 788,400/365. This is equal to 2160 Gh
The total amount of people this can feed is given as 2,160/600
Which is equal to 3.6 persons.

Since humans or people cannot be divided into fractions like a measure of sugar or a measure of liquid, the answer is best left to the most approximate digit with it 4 Persons.

Learn more about Trophic Levels and food availability here:

brainly.com/question/2001301

4 0

2 years ago

Ms. A is paid on the last weekday of each month. Which schedule of reinforcement is Ms. A experiencing?

aliya0001 [1]

Answer:

its B

Explanation:

6 0

2 years ago