In calculating accounting profit, accountants typically don't include
A)long-run costs.
B)sunk costs.
C)explicit costs of production.
D)opportunity costs that do not involve an outflow of money.

Question

Quizplus · Accepted Answer

Accountants typically do not include opportunity costs that do not involve an outflow of money when calculating accounting profit, as accounting profit focuses on explicit costs and revenues.

In Calculating Accounting Profit, Accountants Typically Don't Include