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Economics Homework Six Answers - Student Ten (view source)
Revision as of 14:50, October 22, 2009
, 14:50, 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?'''
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.
The accounting loss is zero. The economic loss is $8. The economic profit is unknown because you don’t know what show he watched and how it affected his business.
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{{{{{{{{''''''ARAN M.''''''}}}}}}}}