Accounting profit will always be

Name: Accounting profit will always be
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Accounting profit is typically more than economic profit because it does not take into account implicit costs, which are included in the calculation of economic profit. Economic profit subtracts both explicit (accounting) costs and implicit (opportunity) costs from total revenues, resulting in a lower figure compared to accounting profit, which only subtracts explicit costs.

Accounting Profit Will Always Be