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jangetau ag a yod uoucoe pue agsod ag a yaud Bugunasse agsodas DA No, economic profit and accounting proft wil aways end up being the same DE No, economic profit must always be larger than accounting proft OC Yes, this cnuld ocnurfexplict costs were modest and implict costs were high RR Yes cnvid Empict co ecosts high

jangetau ag a yod uoucoe pue agsod ag a yaud Bugunasse agsodas DA No, economic profit and accounting proft wil aways end up being the same DE No, economic profit must always be larger than accounting proft OC Yes, this cnuld ocnurfexplict costs were modest and implict costs were high RR Yes cnvid Empict co ecosts high

Economics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter21: Costs And The Supply Of Goods
Section: Chapter Questions
Problem 3CQ
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Isit possible for accounting profit to be positive and economic profit to be negative? OA Na, economic profit and accounting profit will always end up being the same. OB. No, economic profit must always be larger than accounting profit. OC Yes, this could ocour if axplicit costs were modest and implict costs were high. OD. Yos, this could occur if impiot costs were modest and explict costs were high.
Transcribed Image Text:Isit possible for accounting profit to be positive and economic profit to be negative? OA Na, economic profit and accounting profit will always end up being the same. OB. No, economic profit must always be larger than accounting profit. OC Yes, this could ocour if axplicit costs were modest and implict costs were high. OD. Yos, this could occur if impiot costs were modest and explict costs were high.
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