Cox Communication realizes an accounting profit if its total revenue more than covers its implicit costs.

Name: Cox Communication realizes an accounting profit if its total revenue more than covers its implicit costs.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

Cox Communication realizes an accounting profit if its total revenue more than covers its explicit costs, not implicit costs. Implicit costs are considered when calculating economic profit, not accounting profit.

Cox Communication Realizes an Accounting Profit If Its Total Revenue