private costs are included in economic profit but not in accounting profit. exte
ID: 1223063 • Letter: P
Question
private costs are included in economic profit but not in accounting profit.
external costs are included in economic profit but not in accounting profit.
sunk costs are included in economic profit but not in accounting profit.
sunk costs are included in economic profit but not in accounting profit.
cash payments are included in economic profit but not in accounting profit.
implicit costs are included in economic profit but not in accounting profit.
a.external 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.sunk 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.
Explanation / Answer
Answer :- e.) implicit costs are included in economic profit but not in accounting profit.
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