B. Economic profit is calculated as follows:Revenue - Explicit Costs - Implicit Costs = Economic Profit Fixed and variable costs do not include all of the implicit costs that need to be included in Economic profit. C. Economic profit is calculated as follows: Revenue - Explicit Costs - Implic...
A is correct. Normal profit is the level of accounting profit such that implicit opportunity costs are just covered;thus, it is equal to a level of accounting profit such that economic profit is zero.【释义】正常利润(Normal profit)是指经济利润为零时的会计利润。会计利润刚好等于隐性机会成本。反...
A normal profit is A. The same as an economic profit. B. The same as the accountant’s bottom line. C. An explicit or out-of-pocket cost. D. A cost of resources from an economic perspective.相关知识点: 试题来源: 解析 D 略
Answer to: The difference between accounting profit and economic profit is: a) explicit costs. b) implicit costs. c) total revenue. d) marginal...
Accounting profit is not the same as economic profit. 正确 错误 答案:正确 你可能感兴趣的试题 单项选择题 毛泽东思想是马克思主义中国化的第一个重大理论成果。 A. 对 B. 错 点击查看答案手机看题 问答题 从大学生安全教育的态度层面上看,其主要的任务是什么?
An investor can choose to reinvest the profit made back into the business or pocket the cash. Answer and Explanation: The correct answer is c; as long as profits are still there, a continued supply shift will still be due...
Many writers before Keynes raised the question of whether a capitalisteconomic system, relying as it did on the profit incentive to keep production going and maintain employment, was not in danger of running into depressed states from which the automatic workings of the price mechanism could not ...
aProvided it is probable that the economic benefits will flow to the company and the revenue and costs, if applicable, can be measured reliably, revenue is recognised in profit or loss as follows: 假设它是可能的经济好处,若可能,将流动到公司和收支和费用可以可靠地被测量,收支在赢利或损失被认可...
Zero economic profit is also known as normal profit. Like economic profit, this figure also accounts for explicit and implicit costs. When a company makes a normal profit, its costs are equal to its revenue, resulting in no economic profit. Competitive companies whose total expenses are...
As consumers spend, economists presume that consumers benefit from theutilityof theconsumer goodsthat they purchase, but businesses also benefit from increased sales, revenue, and profit. For example, if car sales increase, auto manufacturers see a boost in profits. Additionally, the companies that ...