1. A firm pays its accountant an annual retainer of $10,000. Is this an economic cost?
This is an explicit cost of purchasing the services of the accountant, and it is both an
economic and an accounting cost. When the firm pays an annual retainer of $10,000,
there is a monetary transaction. The accountant trades his or her time in return for
money. An annual retainer is an explicit cost and therefore an economic cost.
出自平的书的teacher notes。
原题英文版答案,应该是金圣才的答案错了。
1. A firm pays its accountant an annual retainer of $10,000. Is this an economic cost?
This is an explicit cost of purchasing the services of the accountant, and it is both an
economic and an accounting cost. When the firm pays an annual retainer of $10,000,
there is a monetary transaction. The accountant trades his or her time in return for
money. An annual retainer is an explicit cost and therefore an economic cost.