_____ is equal to revenues less raw material costs, wages and depreciation.
A) Accounting pro?t
B) Economic pro?t
C) Surplus value
D) Supernormal pro?t

Question

Quizplus · Accepted Answer

Accounting profit is calculated by subtracting the explicit costs, such as raw material costs, wages, and depreciation, from the total revenues. This gives the net income that the business has earned over a period.

_____ Is Equal to Revenues Less Raw Material Costs, Wages