From an economist's point-of-view, which of the following is NOT a cost to a business?
A) Normal profit.
B) Economic profit.
C) Raw material costs.
D) Employee fringe benefits.

Question

Quizplus · Accepted Answer

Economic profit is not considered a cost to a business from an economist's perspective. It is the surplus remaining after all costs, including opportunity costs, have been subtracted from total revenues. In contrast, normal profit, raw material costs, and employee fringe benefits are considered costs of doing business.

From an Economist's Point-Of-View, Which of the Following Is NOT