Tag: explicit-vs-implicit-costs

Tag: explicit-vs-implicit-costs

1 page tagged explicit-vs-implicit-costs.

Pages

• Chapter 18: Accounting Versus Economics — Economics 101

  Why the same business can be profitable to an accountant and unprofitable to an economist — and why opportunity cost is the missing entry that decides whether resources are in their best use.

Related tags

• economic-profit
• accounting-profit
• opportunity-cost
• resource-allocation
• zero-profit