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 113 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
:D TYSM

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Territory sizes differ among animals. Territory sizes differ among animals.
Scale used to measure pupil size in millimeters. Scale used to measure pupil size in millimeters.
Scale used to measure pupil size in millimeters. Scale used to measure pupil size in millimeters.
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.
Performing a Spirometry Test to Measure Forced Vital Capacity Performing a Spirometry Test to Measure Forced Vital Capacity
Wintrobe tube and Westergren tests are used to measure the ESR. Wintrobe tube and Westergren tests are used to measure the ESR.
Video: Wound Care

For a complete list of videos, visit our video library