Private Costs Are Included in Economic Profit but Not in Accounting

question 18

Multiple Choice

private costs are included in economic profit but not in accounting profit.

• A)sunk costs are included in economic profit but not in accounting profit.
• B)sunk costs are included in economic profit but not in accounting profit
• C)external costs are included in economic profit but not in accounting profit.
• D)cash payments are included in economic profit but not in accounting profit.
• E)implicit costs are included in economic profit but not in accounting profit

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