Question: What are the items that make opportunity cost differ from the accountant's measure of cost ? Question content area bottom Part 1 A firm's opportunity

What are the items that make opportunity cost differ from the accountant's measure of cost?
Question content area bottom
Part 1
A firm's opportunity cost includes_______.
A.
the cost of using resources bought in the market, owned by the firm, and supplied by the firm's owner
B.
the cost of using resources supplied by the firm's owner only
C.
the cost of using resources bought in the market and owned by the firm only
D.
only costs that are paid in cash or by cheque
Part 2
Consider how the following, which are part of a firm's opportunity cost, are treated by accountants.
Economic depreciationEconomicdepreciation
_______ in an accountant's measure of cost.
Normal profitNormalprofit
_______ in an accountant's measure of cost.
A.
is includedisincluded;
is includedisincluded
B.
is not includedisnotincluded;
is not includedisnotincluded
C.
is not includedisnotincluded;
is includedisincluded
D.
is includedisincluded;
is not includedisnotincluded

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