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Which of the following statements about profit is incorrect?

stars_and_moon

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Posts: 3218

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7 years ago

Which of the following statements about profit is incorrect?

Which of the following statements about profit is incorrect?
A) economic profit = Accounting profit - normal profit
B) economic profit = Accounting profit - implicit opportunity costs
C) accounting profit = total revenue - explicit costs
D) normal profit = total revenue - implicit opportunity costs

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kingby

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#1

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7 years ago

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stars_and_moon Author

wrote...

#2

7 years ago

I compared your answer with a buddy, and it matches

Thanks

kingby

wrote...

#3

7 years ago

I instantly knew the answer when I read the question, happy to help

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