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Economic profits are less than accounting profits because the calculation of economic profit

malhi101

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Economic profits are less than accounting profits because the calculation of economic profit

Economic profits are less than accounting profits because the calculation of economic profit

▸ includes an amount for depreciation.

▸ includes the implicit charges for the use of capital owned by the firm and for income taxes.

▸ includes an explicit charge for risk taking.

▸ is stipulated in regulations set forth by the Canada Revenue Agency.

▸ includes the implicit charges for the use of capital owned by the firm and for risk taking.

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Microeconomics

Edition: 17^th

Author: Ragan

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malhi101 Author

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Brilliant ツ

wyq2651

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Thanks for your help!!

jakechambo3

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this is exactly what I needed

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