Economic profit equals accounting profit minus: a. explicit ...

[SO00]

Economic profit equals accounting profit minus:
 a. explicit costs.
  b. implicit costs.
  c. fixed costs.
  d. variable costs.

Question 2

Which of the following economic measures is most useful in comparing different economies across the world?
 a. Aggregate supply
 b. Total unemployment
 c. Gross domestic product
  d. Net national product
 e. Aggregate expenditure

[fatboyy09]

Answer to Question 1

b

Answer to Question 2

c

[SO00]

Thanks for the timely response, appreciate it

[sultansheikh]

Great answer, keep it coming