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Economists and accountants have diametrically opposite views of cost-volume profit CVP behavior but only accountant's have a CVP model that is appropriate for assisting management with decision makin?

study! and do the assignment your self


Which of the following explains why economists have different views?

giglamesh is the correct answer.


What were the views of laissez-Faire economists Adam smith Thomas maithuls and David Ricardo?

na bruh


What are examples of sentences using the word divergent?

Ask ten economists how to deal with the financial crisis and you will receive divergent solutions and views.


What are two reasons why economists have a reputation for giving conflicting advice to policymakers?

Economists often give conflicting advice to policy makers for two basic reasons: 1) economists may disagree about the validity of alternative positive theories about how the world works and/or 2) economists may have different values and therefore different normative views about what policy should try to accomplish


5 A key difference between accountants and economists is their different treatment of the cost of capital Does this cause an accountant's estimate of total costs to be higher or lower than an econom?

I am not so sure.


Why don't economists agree on the same solutions to economic problems?

There are two main reasons that economists disagree when giving opinions to solve economic problems. Here are prime examples: * Economists do not come to the same conclusions when determining the validity of alternative assumptions of how the world's economy operates. With that said, their views of the sensitivity and impact of household savings to the resulting changes in the after tax return to saving; and * Economists work from different values. ( the prime example here is how an economist in the former USSR had different values than one in the United States) The two economists have different views about what policy should try to accomplish. So, they can have a fundamental differences of whether taxes should be raised for the redistribution of income.


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.


What is the possessive form of economists?

The possessive form of the plural noun economists is economists'.example: All of the economists' predictions are for improvement in the next quarter.


Who has a better view between accountant and economist?

Depends on where their office is. Economists tend to look at the bigger picture of things like the world economy whilst accountants are much more focused on the financial situation of a single business or individual.


Economists have classified input as?

economists have classified input as


What do economists call elasticity?

What do economists call elasticity?