Economic profit is equal to:
A)accounting profit plus implicit costs.
B)total revenue minus accounting profit.
C)total revenue minus the sum of explicit and implicit costs.
D)accounting profit minus explicit costs.

Name: Economic profit is equal to: A)accounting profit plus implicit costs. B)total revenue minus accounting profit. C)total revenue minus the sum of explicit and implicit costs. D)accounting profit minus explicit costs.
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Question

Quizplus · Accepted Answer

The Answer is C

Economic Profit Is Equal To