ACCOUNTING PROFIT VS ECONOMIC PROFIT…. EXPLICIT & IMPLICIT COSTS AND TOTAL REVENUE. скачать в хорошем качестве

ACCOUNTING PROFIT VS ECONOMIC PROFIT…. EXPLICIT & IMPLICIT COSTS AND TOTAL REVENUE.

What Constitutes Costs ( Opportunity Cost ) To The Economist Differ From The Accountant's View. The Economist View Cost As Both Explicit & Implicit Costs Whereas To The Accountant, Cost Is Seen As Only Explicit Cost. Also With The Difference In What Makes Up Costs To These Two Professionals, their Profits Computation Also Differ. For Better Understanding Of This Topic...PROFIT, The Following Have Been Explained In Simple And Well-Thought Of Words... Profit Total Revenue Total Costs (Opportunity Cost) Implicit Costs Explicit Costs Roles That Economic Profits ( Negative, Zero and Positive Profits) Play In Modern Market Situations; Perfect Market, Monopoly Market...