Accounting profits are typically a. greater than economic profits because the former do not take implicit costs into account. b. equal to economic profits because accounting costs include all opportunity costs. c. smaller than economic profits because the former do not take implicit costs into account. d. greater than economic profits because the former do not take explicit costs into account.

The correct answer is option a.

Explanation:

Accounting profit is the difference between total revenue earned and total explicit costs incurred in the process of production. Explicit cost is the direct cost involved in the production process.

The economic profit is the difference between the total revenue earned and the total explicit as well as the implicit cost incurred. The implicit costs are the indirect cost or opportunity cost of production.

Since accounting profit does not take into account implicit costs, it is greater than economic profit.

muslims have taken his goods and products to different parts of asia an indonesia. sometimes just traveled and trade, but in other occasions, stayed in the place and made a living.

trade was the key for muslims economies to prosper. their commerce routes reached far places like malaysia and java in the 11th century.

another important factor for prosperity was that muslim states served as the middle point for european traders.

they used to travel by land but sailing the seas -the indian ocean- really increase the exportation of products.