Which of the following expressions is correct? Answer accounting profit = econom

Question

Which of the following expressions is correct? Answer accounting profit = economic profit + implicit costs accounting profit = total revenue - implicit costs economic profit = accounting profit + explicit costs economic profit = total revenue - implicit costs Which of the following expressions is correct? Which of the following expressions is correct? accounting profit = economic profit + implicit costs accounting profit = total revenue - implicit costs economic profit = accounting profit + explicit costs economic profit = total revenue - implicit costs accounting profit = economic profit + implicit costs accounting profit = total revenue - implicit costs economic profit = accounting profit + explicit costs economic profit = total revenue - implicit costs

Explanation / Answer

economic profit = total revenue - implicit costs

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---