why is accounting profit never less than economic profit?

Question

anonymous · Answer

Because accounting profits always leave out opportunity costs.  Economic costs are always higher then accounting costs, so accounting profits are always higher then economic profits.

anonymous · Answer

You have your answer from KansasEconomist.  I guess I am a North Carolina economist.  wmw

anonymous · Answer

Here is an illustrating example....
The cost of going to a movie on the night of the final exam....
Economic Cost = Explicit Cost (=Accounting cost) + Implicit Cost 
                      = price of ticket                          + Getting a bad grade

Hope this helps...