multiple choice question\naccounting profit is what remains after a firm has paid its ______…
multiple choice question\naccounting profit is what remains after a firm has paid its ______ costs.\nimplicit\nexplicit and implicit\nopportunity\nexplicit
Answer
Brief Explanations:
Accounting profit is calculated by subtracting explicit costs (actual out - of - pocket expenses) from total revenue. Implicit costs and opportunity costs are not considered in accounting profit calculation.
Answer:
D. explicit