babylindsey3647 babylindsey3647
  • 27-12-2021
  • Business
contestada

when accounting profits are negative, economic profits

Respuesta :

michaelfeeri
michaelfeeri michaelfeeri
  • 27-12-2021

Answer:

will be negative is the answer to this question

Explanation:

Accounting profits take into account only implicit costs while economic profit takes both implicit as well as explicit costs and if accounting profits are negative with only implicit costs, economic profit will be more negative as more amount of costs are subtracted from it.

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