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Define economic cost and accounting cost

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Reference no: EM133131793

Can someone Provide an example of the economic cost for a real or hypothetical firm. In your post be sure to address the following 1-4.

  1. Define economic cost and accounting cost
  2. Name the relevant firm
  3. Provide a list of at least five of the firm's costs that compose its economic cost
  4. Explain why economic cost or accounting cost is larger for the firm

Reference no: EM133131793

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