Which of the following would not be included in the calculation of accounting profit?
A. The rent paid by the owner for the use of a building.
B. The medical insurance coverage for the company's workers.
C. The salary the owner could have earned working elsewhere.
D. The wages paid to the company's workers.
Answer: C
You might also like to view...
Because wage rates are so low in Africa, why don't Microsoft, Cisco and other major corporations close down their American operations and move to Africa?
What will be an ideal response?
A vertical LM curve means that
A) monetary policy has no impact on the interest rate. B) monetary policy has no impact on income. C) fiscal policy has no impact on the interest rate. D) fiscal policy has no impact on income.
The amount of poverty in the United States ____ in the 1960s and ____ in the 1970s
a. increased; decreased b. decreased; increased c. held relatively steady; increased d. decreased; held relatively steady
Which statement makes sense? a. Fixing exchange rates causes currency markets to reach equilibrium quickly. b. Having an absolute advantage in the production of goat cheese means the country will specialize in and produce all of the goat cheese traded
c. Arbitrage opportunities are quickly taken. d. Floating exchange rates reduce uncertainty in the currency markets. e. When the dollar depreciates, U.S. consumers can buy more imported goods.