5d What is the relationship between accounting profit and economic profit? Which is relevant for a firm’s decision to continue production and why? Give examples as to what may cause a divergence between accounting and economic profit

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A: Retained Earning : When the company pays all the types of costs and then left with a certain amount…

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Q: Explain the difference between economic profit and accounting profit.

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A: Total revenue=$120,000 Cost=50000+30000=80,000

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A: The net gain for an organization, which is income short costs is known as accounting profit

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A: A cost curve is a graph of production costs as a function of total production quantity. A cost curve…

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A: Let's first learn about economic profit. The difference between the revenue earned by the firm and…

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A: Accounting Profit=Total Revenue-Explicit costs.

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Q: 3. What is the rate of return that includes the minimum profit as an expense?

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Q: Define and explain the differences between accounting profit and economic profit

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A: As per guidelines, we will answer the first question with three subpart question.

Q: QUESTION 4 A firm's economic profit is usually higher than its accounting profit True False

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A: Given the profit function = P(x) Additional profit or marginal profit = ?

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A: The accounting profit will be? Explanation : Add all the costs of her business which include office…

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A: ANSWER STEP-1 Accounting profit and Economic profit may be calculated as follows:…

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A: Answer; Option d is the correct answer,