If total revenue is R100, explicit costs are R50, and implicit costs are R30, then accounting profit equals R50.

Name: If total revenue is R100, explicit costs are R50, and implicit costs are R30, then accounting profit equals R50.
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Quizplus · Accepted Answer

Accounting profit is calculated by subtracting explicit costs from total revenue. Therefore, accounting profit in this scenario would be R50 (R100 - R50 = R50). Implicit costs do not factor into accounting profit calculations.

If Total Revenue Is R100, Explicit Costs Are R50, and Implicit