Economic Profit (or Loss): Definition, Formula, and Example
https://www.investopedia.com/terms/e/economicprofit.asp
An economic profit is the difference between the revenue received from sales and the explicit costs of producing its goods and services, as well as any opportunity costs. Opportunity costs are … See more Advantages 1. Economic profit figures can be helpful for business decision-making. By studying the effect on net income of subtracting not just explicit costs but the estimated cost… Opportunity Costs
Advantages
1. Economic profit figures can be helpful for business decision-making. By studying the effect on net income of subtracting not just explicit costs but the estimated cost…
Opportunity Costs
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