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

---

Definitions:

Flow Cells

Circulatory patterns in fluids (air, water) driven by thermal or density differences, contributing to global atmospheric and oceanic circulation.

Desert

A barren area of landscape where little precipitation occurs, and consequently, living conditions are hostile for plant and animal life.

Wind Erosion

The removal of soil, rock fragments, or fine particles by the force of the wind over land surfaces.

Volcanic Necks

Solidified lava within the conduit of an extinct volcano, exposed after the surrounding softer rock has eroded away.