What would be an example of how accountants measure cost vs. how economists do?

Economics
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What would be an example of how accountants measure cost vs. how economists measure cost?

Nov 18th, 2015

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Accountant keep track of explicit costs but not implicit costs, that is measure costs that require outflow of money from firm, but they do not include the opportunity costs of production  that do not involve an outflow of money as a result economic profit is zero, but accounting profit is  positive...(please visit the link below for more explanation)

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Nov 18th, 2015

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Nov 18th, 2015
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Nov 18th, 2015
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