Question

Difference between accounting cost vs economic cost 10 points

Answer 1

Answer:

here is your answer.

Explanation:

the economic cost is the monetary value of all resources employed in the course of business. accounting cost on the other hand based on explicit costs incurred by the business. explicit costs are costs incurred in normal market transactions. for example wages paid to workers are an explicit costs.

hope it is useful to you. please give a thanks for it. for this answer I have struggled very much please give me a thanks.