Which of the following is an example of something that economists would consider a cost but accountants would not?
A)the wages paid to employees of a firm
B)the wages that the owner of a firm could have earned in some alternative job
C)rent paid to a businessʹ landlord
D)the cost of leather used in the production of footballs

Question

Quizplus · Accepted Answer

Economists consider opportunity costs, such as the wages the owner could have earned elsewhere, while accountants focus on explicit costs like wages paid, rent, and material costs.

Which of the Following Is an Example of Something That