Total revenue minus only implicit costs is called
A)accounting profit.
B)economic profit.
C)opportunity cost.
D)None of the above is correct.

Name: Total revenue minus only implicit costs is called A)accounting profit. B)economic profit. C)opportunity cost. D)None of the above is correct.
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Question

Quizplus · Accepted Answer

Total revenue minus only implicit costs is not a standard term; economic profit considers both explicit and implicit costs, while accounting profit considers only explicit costs.

Total Revenue Minus Only Implicit Costs Is Called