Which of the following should not be included when calculating accounting profit?
A) The cost of taxes.
B) The return on inventory investment.
C) The cost of rent.
D) The cost of utilities.
Correct Answer:
Verified
Q1: In defining economic costs,economists emphasize
A)Explicit and implicit
Q2: Normal profit
A)Covers the full opportunity cost of
Q4: The best measure of the economic cost
Q5: Q6: Economic profit is Q7: Economic profit is the difference between Q9: Implicit costs Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)Greater than accounting profit by
A)Accounting profits
A) Include only payments to workers
