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 102 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
Wow, this really help

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

This chart shows the various lines of responsibility and how they differ in presidential and parliam This chart shows the various lines of responsibility and how they differ in presidential and parliam
Types of Problems Used to Measure Intelligence Types of Problems Used to Measure Intelligence
Calipers are used to measure the body fat on the triceps of a patient. Calipers are used to measure the body fat on the triceps of a patient.
Calipers being used to measure body fat on the triceps of a patient. Calipers being used to measure body fat on the triceps of a patient.
Measure between terminal 30 and 87a. Terminal 87a is the normally closed contact, and there should ... Measure between terminal 30 and 87a. Terminal 87a is the normally closed contact, and there should ...
Psychologists measure basic memory capacity Psychologists measure basic memory capacity
Video: Retina

For a complete list of videos, visit our video library