[Answered] Accountants and Economists differ in their calculations of profits in that the former consider a. ...

This topic contains a solution. Click here to go to the answer

Author Question: Accountants and Economists differ in their calculations of profits in that the former consider a. ... (Read 29 times)

lunatika

Hero Member
Posts: 548

on: Jul 1, 2018

Accountants and Economists differ in their calculations of profits in that the former consider
a. sunk costs
b. implicit costs only
c. explicit costs only
d. fixed costs

Question 2

If US consumers want to buy Chinese goods, they will
a. Buy Yuan and sell US Dollars
b. Sell Yuan and buy US Dollars
c. Neither buy nor sell Yuan
d. Neither buy nor sell dollars

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

aliotak

Sr. Member
Posts: 326

Reply #1 on: Jul 1, 2018

Answer to Question 1

c

Answer to Question 2

a

lunatika

Hero Member
Posts: 548

Reply #2 on: Jul 1, 2018

Thank you

aliotak

Sr. Member
Posts: 326

Reply #3 on: Jul 1, 2018

No problemo

« previous next »

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").