Business, 12.03.2020 17:26, mpatel12

What is the difference between accounting profit and economic profit? A. Economic profit only subtracts implicit costs from total revenue, while accounting profit only subtracts explicit costs. B. Economic profit subtracts both explicit and implicit costs from total revenue, while accounting profit only subtracts explicit costs. C. Accounting profit only subtracts implicit costs from total revenue, while economic profit only subtracts explicit costs. D. Accounting profit subtracts both explicit and implicit costs from total revenue, while economic profit only subtracts explicit costs.

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What is the difference between accounting profit and economic profit? A. Economic profit only subtra...