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What is the difference between accounting profit and economic profit?
Accounting Profit:
The accounting profit of a business is the revenue of business minus the explicit costs and depreciation.
Economic Profit:
The economic profit of a business is the revenue of business minus the opportunity cost of its resources. This is frequently less than the accounting profit.
critically analyse the ways at which the government of zimbzbwe has put in place to address unequal employment opportunities between men and women
Explain why we cannot measure the national product simply by adding up the production of all firms. Why do the economists use real GDP rather than nominal GDP to gauge economic
y=c+c1(y-t0-t1y,r)+i+g
What factors shift out the PPC and what is the opportunity cost of the economy moving out to get back on the PPC? Explain?
Must use current data! I do not need a response until later this week, so take your time. In addition, I will be using your information as reference only. I will not plagiarize. Th
what is credit multiplir and how does it work
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Can you think of examples where the government does not intervene enough when it comes to consumer safety and product information? Examples where too much intervention is the case
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