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What type of cost is included in economic costs, but not included in accounting costs? a. Explicit costs b. Negative costs c. Normal profit d. Marginal cost e. Unit costs

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 23RQ: Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost,...

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Question

What type of cost is included in economic costs, but not included in accounting costs?
a. Explicit costs
b. Negative costs
c. Normal profit
d. Marginal cost
e. Unit costs

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