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Economic profitRevenue from an activity minus the opportunity cost of the resources used in that activity.
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Economic profitEqual to accounting profit less the implicit opportunity costs not included in total accounting costs; the difference between total revenue (TR) and total cost (TC).Synonyms: Abnormal profit Supernormal profit Residual income Related Terms: Residual incomeĀ
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Economic profitThe difference between business revenue and total opportunity cost. This is the revenue received by a business over and above the minimum needed to produce a good. In this sense, economic profit is a [..]
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Economic profitDefinition The amount remaining after subtracting from the total income of a company the total monetary cost of all business activities, as well as the opportunity cost of profits that could have been [..]
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Economic profitA firm's total revenue minus all explicit and implicit costs of production, including opportunity costs.
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Economic profitis a measure of performance that compares net operating profit to total cost of capital
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Economic profitSee rent.
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Economic profitThis is the difference between the total revenue received by a company from its operations and the total cost of those operations.
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Economic profitThe difference between business revenue and total opportunity cost. This is the revenue received by a business over and above the minimum needed to produce a good. In this sense, economic profit is a [..]
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Economic profitProfit that takes into account both explicit and implicit costs of production. It is calculated as Total revenues minus implicit and explicit costs.
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Economic profitequals revenue minus economic cost.
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