199
edits
Changes
Jump to navigation
Jump to search
Line 35:
Line 35: − +
Economics Homework Six Answers - Student Five (view source)
Revision as of 12:54, October 22, 2009
, 12:54, October 22, 2009no edit summary
'''8. Suppose you could earn $8 an hour. Instead, you watch television for an hour. What is your accounting profit or loss, and what is your economic profit or loss, for that hour?'''
'''8. Suppose you could earn $8 an hour. Instead, you watch television for an hour. What is your accounting profit or loss, and what is your economic profit or loss, for that hour?'''
Your accounting loss would be $8. Your economic loss would be $8, plus the time you spent watching TV, plus the cost ofr hte electricity to run the TV.
Your accounting loss would be $8. You wouldn't lose anything in economic profit.