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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

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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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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