If a firm has total revenue of $300 million,explicit costs of $200 million and implicit costs of $30 million,its accounting profit is:

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Accounting profit is calculated by subtracting explicit costs from total revenue. Therefore, the accounting profit in this case is $300 million - $200 million = $100 million. Implicit costs are not included in the calculation of accounting profit.

If a Firm Has Total Revenue of $300 Million,explicit Costs