Economists view economic profit as the amount remaining after all implicit and explicit costs have been subtracted from total revenue.

Name: Economists view economic profit as the amount remaining after all implicit and explicit costs have been subtracted from total revenue.
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Economic profit takes into account both explicit costs (direct, out-of-pocket expenses) and implicit costs (opportunity costs of using resources in a particular way), subtracting these from total revenue to determine the profit.

Economists View Economic Profit as the Amount Remaining After All