In General, (1)opportunity Cost Is Greater Than Accounting Cost

question 42

Multiple Choice

In general, (1) opportunity cost is greater than accounting cost.
(2) opportunity cost is less than accounting cost.
(3) economic profit is greater than accounting profit.
(4) economic profit is less than accounting profit.

• A)1 only
• B)1 and 3
• C)1 and 4
• D)2 and 3
• E)2 and 4