The Difference Between Zero Accounting Profit and Zero Economic Profit

question 171

Multiple Choice

The difference between zero accounting profit and zero economic profit is that

• A) economists include opportunity cost in zero economic profit, while accountants do not include opportunity cost in zero accounting profit.
• B) economists do not include opportunity cost in zero economic profit, while accountants do include opportunity cost in zero accounting profit.
• C) economists include opportunity cost in zero accounting profit, while accountants do not include opportunity cost in zero economic profit.
• D) economists do not include opportunity cost in zero accounting profit, while accountants do include opportunity cost in zero economic profit.

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Definitions:

Plasma Membrane

A selectively permeable lipid bilayer that encloses the cytoplasm of a cell, protecting it from the external environment.

Resting Membrane Potential

The voltage difference across the cell membrane when the cell is in an unstimulated, resting state, crucial for the function of nerve and muscle cells.

Sodium Ion

A positively charged ion (Na+) essential for various physiological functions, including nerve impulse transmission and fluid balance in the body.

Calcium Ions

Positively charged calcium atoms (Ca2+) that play vital roles in various biological processes, including muscle contraction, neurotransmission, and blood clotting.