Changes

'''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?'''

The accounting loss is zero the economic loss is $8 the economic prophet because you don’t know what show he watch and how it effected his bunnies.

The accounting loss is zero the economic loss is $8 the economic prophet because you don’t know what show he watch and how it affected his business.