Siddhi sisodia Asked a Question
March 19, 2021 12:56 ampts 30 pts
what is economic cost for the business? how it is different from accounting cost
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  • Rucha rajesh shingvekar
    You can calculate accounting cost by subtracting your expenses from your revenue. ... You can calculate economic cost by subtracting implicit costs from your accounting cost.
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  • Rucha rajesh shingvekar
    Economic cost is the combination of losses of any goods that have a value attached to them by any one individual. Economic cost is used mainly by economists as means to compare the...
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  • Priya gulani thankyou
    Economic cost looks at the gains and losses of one course of action versus another. It does this in terms of time, money, as well as resources. The term also includes determining t...
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  • रौनक thankyou
    Economic Cost. Economic cost includes both the actual direct costs (accounting costs) plus the opportunity cost. For example, if you take time off work to a training scheme. You ma...
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