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WINSTONCH [101]
2 years ago
12

The difference between accounting profit and economic profit is.

Business
1 answer:
Vadim26 [7]2 years ago
7 0

Answer:

Accounting profit - Your actual profit

Economic profit - Profit, but opportunity cost factored out

Explanation:

Accounting profit is how much you made (Revenue - Explicit Cost.

Economic profit includes implicit costs, or opportunity cost. If you could have made $100,000 at a different job, you subtract that. If Accounting-Economic profit is 0 or higher, you should stay in business.

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Which of the following are all strategies for improving productivity in​ services? A. high​ interaction, mass​ customization, se
MissTica

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E. ​separation, self-service,​ automation, and scheduling.

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Answer and Explanation:

This is an example of Simpson’s paradox

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The type of checking account that charges a small fee for every check that clears the account is a Cost-per-check account

I hope this helps! :)

-Ayden

8 0
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