Accounting profit ignores which of the following?

Name: Accounting profit ignores which of the following?
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Question

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Accounting profit only considers explicit costs (direct expenses such as wages, rent, supplies, etc.) and ignores implicit costs (opportunity costs such as the value of foregone alternatives) involved in conducting business. Labor costs, capital costs, and taxes paid are all part of explicit costs and are considered in calculating accounting profit.

Accounting Profit Ignores Which of the Following