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In comparing accounting profit with economic profit, we generally find that

A. economic profit and accounting profit are the same in the short run.
B. accounting profit is less than economic profit.
C. accounting profit is greater than economic profit.
D. economic profit exceeds accounting profit by the amount of opportunity costs.

Respuesta :

Answer:

C. accounting profit is greater than economic profit. 

Explanation:

Accounting profit is total revenue less total cost.

Economic profit is accounting profit less implicit cost or opportunity cost.

All things being equal, accounting profit is greater than economic profit.

If opportunity cost is zero, economic and accounting profit would be equal. But this rarely happens

I hope my answer helps you

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