This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: How does the economist's measure of profit differ from the accountant's measure? A) Economists ... (Read 91 times)

sabina

  • Hero Member
  • *****
  • Posts: 563
on: Jun 29, 2018
How does the economist's measure of profit differ from the accountant's measure?
 
  A) Economists subtract total revenue from total cost; accountants do the opposite.
  B) Economists subtract total costs from total revenue; accountants do the opposite.
  C) Economists consider more sources of monetary revenue than accountants do.
  D) Economists include all opportunity costs, accountants don't.
  E) There is no difference between the two measures.

Question 2

In 2014, the price of peanuts increased. In the market for peanut butter, this change led to ________ and which therefore ________ the price of peanut butter and ________ the quantity of peanut butter.
 
  A) a decrease in the supply; increased; decreased
  B) an increase in supply; decreased; increased
  C) a decrease in demand; decreased; decreased
  D) an increase in demand; increased; increased


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ebe

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


sabina

  • Member
  • Posts: 563
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

A method to measure the lateral movement of membrane proteins. A method to measure the lateral movement of membrane proteins.
C:N ratios differ a great deal among the tissues of pines and between the woody tissues of pines and C:N ratios differ a great deal among the tissues of pines and between the woody tissues of pines and
A goniometer is used to measure range of motion of the patient’s arm. A goniometer is used to measure range of motion of the patient’s arm.
Thread pitch gauge used to measure the pitch of the thread. This bolt has 13 threads to the inch. Thread pitch gauge used to measure the pitch of the thread. This bolt has 13 threads to the inch.
To measure engine oil pressure, remove the oil pressure sending (sender) unit usually located near ... To measure engine oil pressure, remove the oil pressure sending (sender) unit usually located near ...
Economic activity as viewed by environment and ecological economists Economic activity as viewed by environment and ecological economists
Video: Net filtration pressure and lymph formation, edema & blood velocity

For a complete list of videos, visit our video library