Since all costs are positive, then economic profit would always be smaller than accounting profit.

Name: Since all costs are positive, then economic profit would always be smaller than accounting profit.
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Quizplus · Accepted Answer

Economic profit takes into account the opportunity cost of resources used in a business, including implicit costs such as the owner's salary. Therefore, it will always be lower than accounting profit, which only considers explicit costs.

Since All Costs Are Positive, Then Economic Profit Would Always