What is the diference between accounting proft and economic profit? OA Economic profit subtracts both explicit and implicit costs from total revenue, while accounting proft only subtracts explicit costs. B. Accounting proft only subtracts implicit costs from totali revenue, while economic profit only subtracts explicit costs. C. Economic profit only subtracts implicit costs from total revenue, while accounting proft only subtracts explicit costs D. Accounting proft suberacts both explicit and implicit costs from total revenue, while economic profit only subtracts explicit costs. O000

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What is the difference between accounting profit and economic profi?
OA Economic profit subtracts both explicit and implicit costs from total revenue, while accounting proft only subtracts explicit costs.
OB. Accounting profit only subtracts implicit costs from total revenue, while economic profit only subtracts explicit costs.
OC Economic profit only subtracts implicit costs from total revenue, while accounting profit only subtracts explicit costs.
OD. Accounting profit suberacts both explicit and implicit costs from total revenue, while economic profR only subtracts explicit costs
Transcribed Image Text:What is the difference between accounting profit and economic profi? OA Economic profit subtracts both explicit and implicit costs from total revenue, while accounting proft only subtracts explicit costs. OB. Accounting profit only subtracts implicit costs from total revenue, while economic profit only subtracts explicit costs. OC Economic profit only subtracts implicit costs from total revenue, while accounting profit only subtracts explicit costs. OD. Accounting profit suberacts both explicit and implicit costs from total revenue, while economic profR only subtracts explicit costs
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