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

Determine the rate of labour productivity growth, 1) Between mid 2008 and m...

1) Between mid 2008 and mid 2009 measured RGDP in the economy fell by 3.8% as the US economy sank into a recession. Over that same time period total employment in terms of hours wo

Major area of decision making, What are the major area of decision making ?...

What are the major area of decision making ? How does economic theory contribute to managerial decision ?

How can less developed countries economies produced, How can less developed...

How can less developed countries economies produced by developing its primary sector as agriculture? Less developed countries economies cannot grow by developing its primary se

Economics, MBA Economics Assignment Question 1: Many analysts in both deve...

MBA Economics Assignment Question 1: Many analysts in both developed and developing worlds have heavily criticized the cases of monopolies. Discuss using relevant examples whether

How does macro-economic stabilisation assist growth, How does macro-economi...

How does macro-economic stabilisation assist growth? Economic agents as the consumers, private zone and overseas investors as like multi nationals make decisions based onto co

Eco paper, discuss whether indian consumer goods industry is growing at the...

discuss whether indian consumer goods industry is growing at the cost of future profitability

What policies can developed to resolve debt problem, What policies can less...

What policies can less developed countries follow to resolve their debt problem? Highly indebted countries can resolve by less developed countries: Seek help by internat

Privitization, why do companies privitise? what is the objectives of privit...

why do companies privitise? what is the objectives of privitisation? what are the advantages and disadvantages of privitisation?

How can value management be utilized, How can value management be utilized ...

How can value management be utilized to compare various possible design solutions? When the bottom-level objectives for a project have been acknowledged through these technique

ASSIGNMENT, What is a bowed out shape? Why does a production possibilities...

What is a bowed out shape? Why does a production possibilities frontier with increasing opportunity costa have a bowed-out shape?

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages