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Kirsten sells 300 glasses of lemonade at 0.50 each Her total costs are 125 Her profits are?
Wiki User
∙ 13y ago
300 x 0.50 = 150
150 - 125 = 25
Her profits are therefore 25
Wiki User
∙ 13y ago
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What are prime cost?
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Why would an accountant say a firm is making a profit and an economist say it is losing money?
Economists always include both implicit and explicit costs in the calculation of their profits while accountants only cater for explicit costs when calculating profits.So due to the inclusion of opportunity costs, which can be termed implicit costs, economists' profits will always be lower than accountants' profits.Hence an accountant may say they are making profits while it is different from an economist's view.
