INTRODUCTION TO ECONOMICS I (İKTİSADA GİRİŞ I) - (İNGİLİZCE) Dersi The Firm and the Cost of Production soru detayı:

PAYLAŞ:

SORU:

What is the difference between economic and accounting profit?


CEVAP:

An accountant looks at monetary revenues and explicit monetary outlays and calculates profit according to the generally accepted principles of accounting. That is, the difference between total revenue and accounting costs—explicit or out-of-pocket costs. The profit that is calculated by an accountant is named the
accounting profit.