An economist's measurement of profit differs from an accountant's in that:

a. accountants calculate total revenue differently than do economists.

b. economists do not always include all of the opportunity costs when calculating total production costs.

c. accountants do not always include all of the opportunity costs when calculating total production costs.

d. economic profit generally exceeds accounting profit.

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Business

Prince Bailey

4 March, 05:47

An economist's measurement of profit differs from an accountant's in that:

a. accountants calculate total revenue differently than do economists.

b. economists do not always include all of the opportunity costs when calculating total production costs.

c. accountants do not always include all of the opportunity costs when calculating total production costs.

d. economic profit generally exceeds accounting profit.

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Aussie · Answer 1

An economist's measurement of profit differs from an accountant's in that accountants do not always include all of the opportunity costs when calculating total production costs. When the economist are trying to determine opportunity costs they account for all of production costs. Accounts won't always account for them and their affects on the business statements.