Economic Profit vs Accounting Profit

Difference between a firm's accounting and economic profit

Category:

Education

Tags:

• microeconomics
• accounting
• firm
• marquee

[blessns]

This video's perspective is so narrow that it is fantasy. In the real world not all firms look to maximize profit and rationality is not measured by money. I understand the economic point in video (opportunity costs) but it is so theoretical as to be useless because it throws out half of the real world economics..

[I0lcatz]

why didn't you just keep your job as a doctor?

[senoner90]

why making things so complicated? In one job you earned $150,000 in the other job $50,000 so of course the first job was better than the second one by $100,000 why making everything so complicated?

[Hibryd7]

What you left out is that the doctor has seen so much senseless pain and human suffering and confusion as a doctor that the only thing he wants is to leave that world, that way of thinking behind and operate a bustling yet simple restaurant in the chance he might one day forget how big and horrifying the world is and the innumerable problems it poses.

If you're making money but your suicidal, whats the point?

[ImSoOffended]

you've misspelled "labour"

[vickiormindyb]

I don't know for sure, but is there a Quantum Mechanics that starts at a level a high school graduate of Math can do?

I think string theory is part of a Quantum Mechanics concept, and I don't understand string theory at all.

[Sarcasmrules4]

@vickiormindyb sorry, it's something I have a profound interest in

[AngelAsh666]

@89savant haha this made me smile :)

[Geromkillersk8]

What program do u use for this? ;)

[yarisblack]

Economic view is somehow weird since you have to add thing that you didn't actually do.

Is this what we called taking a decision ?