Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. please answer all. 82. what is the difference betw

Please answer all. 82. What is the difference between the accountant's concept of profit and the economist's...

80.2K

Verified Solution

Question

Economics

Please answer all.

82. What is the difference between the accountant's concept ofprofit and the economist's view of profit?

83.   Describe the types of entry barriers which canexist and their importance to the study of monopoly.

Answer & Explanation Solved by verified expert
4.2 Ratings (520 Votes)
1 The main distinction between accounting profit and economic profit is that accounting profit refers to profits reported in the financial books which are measured by deducting all the actual costs incurred relating to cash costs from the sales and other sales produced by the business operations while economic profit refers to the benefit measured in the sense of cooperation Accounting benefit refers to the gross revenue minus overt    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

IF YOU COPY AND PASTE THE ANSWER FROM YAHOO ANSWERS, I WILL NOT RATE AND I...

Chemistry
Q

What type of risk does beta measure? Is this risk associated with the risk premium of...

Finance
Q

a) Calculate the x- and y-components of the following two force vectors: F1 = 200 Newtons @...

Physics
Q

Concentrated solar power is a method of using the Sun's light to produce useful energy on...

Physics
Q

Write a program that runs on SPIM that allows the user to enter the number of...

Electrical Engineering
Q

For the given cost function C x 250 give at least 3 decimal places a...

Basic Math
Q

Use the Hypothesis Testing Procedure for Hypothesis Tests flow chart interactive to answer the following...

Statistics
Q

A loan of $19,000 is made at 3.75% interest, compounded annually. If no payments are...

Algebra
Q

STION 2 (47 marks) Compuware (Pty) Ltd is...

Accounting
Q

Review the diagram below: What business activity does C represent? Receiving Purchasing Inventory Control Accounts...

Accounting
Q

Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy...

Accounting
Q

a company reports the following information January 1,000 units sold total cost 6,000 febvruary 1,900...

Accounting