Accounting Profit Differs from Economic Profit Because

Essay

Accounting profit differs from economic profit because:
A.of differences in the manner in which revenue is calculated.
B.economic costs include depreciation, while accounting costs do not.
C.accounting costs are generally higher than economic costs because accounting costs include explicit and implicit costs, while economic costs include only explicit costs.
D.economic costs are generally higher than accounting costs because economic costs include all opportunity costs, while accounting costs include explicit costs only.