Accounting costs are often unsatisfactory from the economist's point of view because
a. they fail to allow for depreciation, the wearing out of capital assets during a period.
b. they often exclude the opportunity costs of the firm's equity capital.
c. accountants attempt to minimize costs in order to make profits look good.
d. accounting procedures are designed to overstate costs in order to minimize business tax liability.
B
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List and discuss the four economic functions that depository institutions provide their customers
What will be an ideal response?
Which one of the following is not correct?
A. In antitrust cases defendants attempt to define the relevant market broadly. B. The courts have varied over time in their interpretations of the antitrust statutes. C. Antitrust suits can only be originated by the Federal Trade Commission. D. In antitrust cases the prosecution attempts to define the relevant market narrowly.