Economists claim that a farmer who owns her land, provides all her own labor, and calculates her profits from the farm by subtracting explicit costs from total revenues will

Name: Economists claim that a farmer who owns her land, provides all her own labor, and calculates her profits from the farm by subtracting explicit costs from total revenues will
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The farmer's accounting profits overstate her economic profits because she does not include the implicit cost of her own labor in her calculations.

Economists Claim That a Farmer Who Owns Her Land, Provides