Which of the following would not be included in the calculation of accounting profit?
A)The wages paid to the company's workers.
B)The salary the owner could have earned working elsewhere.
C)The rent paid by the owner for the use of a building.
D)The medical insurance coverage for the company's workers.

Question

Quizplus · Accepted Answer

Accounting profit equals total revenue minus explicit costs. Implicit costs do not enter into the calculation of accounting profit.

Which of the Following Would Not Be Included in the Calculation