How do economists differ from accountants, Business Economics

Assignment Help:

How do economists differ from accountants in the use of the term profit ?

Definition of rev and accounting costs

Explanation/outline of opportunity costs, for example

a) foregone interest

b) foregone wages

c) risk premium

accounting costs + opportunity costs = economic costs
Explanation of normal profit as covering all accounting and opportunity costs
Explanation of abnormal profit

Related Discussions:- How do economists differ from accountants

Forecasting Homework help, Hello, My name is Lis ... I have a homework ass...

Hello, My name is Lis ... I have a homework assignment that is due and the latest it can be submitted is on Saturday May 4th. Please let me know how much it would cost and if it''

Is low savings a problem, Is low savings a problem? Countries along wi...

Is low savings a problem? Countries along with low savings are caught into the vicious circle of poverty: there low savings, implies low investment low productivity therefore

Evaluating projects incrementally, Ask What is the meaning of evaluating pr...

Ask What is the meaning of evaluating projects incrementallyquestion #Minimum 100 words accepted#

Differentiate essential and adequate condition for growth, What is the diff...

What is the difference between an essential and adequate condition for growth? Essential and adequate conditions are helpful analytical and evaluative elements. As like exampl

Why do countries trade, Why do countries trade? International trade is...

Why do countries trade? International trade is the swap of goods and services among countries. Trade enhances consumer choice and complete welfare. Various countries have v

What is the group mean, Below is a given Frequency Distribution Table which...

Below is a given Frequency Distribution Table which needs the Student's attention. Please complete the table as necessary to find the following information: a. What is th

Question, I thought I was getting an automatic answer

I thought I was getting an automatic answer

What are the difficulties of developing economies, What are the difficultie...

What are the difficulties of Developing Economies? Problems of Developing Economies: • Internal and external difficulties limit LDCs opportunity for development. • Les

How does social capital influence development, How does social capital infl...

How does social capital influence development? Problem: Low social capital leads to potential conflicts and high transaction costs which hinder growth. Several LDCs (Less Deve

Relationship between tfc , relationship between tfc , tvc , tc

relationship between tfc , tvc , tc

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages