Find economic and accounting profits and costs
Economic Profit = Total Revenue - (Explicit Costs + Opportunity Costs)
are a signal to resource holders where resources are most highly valued by society
Economic Profit = Total Revenue - (Explicit Costs + Opportunity Costs)
are a signal to resource holders where resources are most highly valued by society
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.