Joseph S.

asked • 07/26/13

What is economic profit and accounting profit with the information given?

Price=$20, Quantity=400units, Unit cost=$15, implicit cost=$4,000

Please explain your answer.

2 Answers By Expert Tutors


Brian H. answered • 09/30/13

4.8 (8)

Certified and Licensed: Economics, Finance, Business + Social Sciences

Nataliya D. answered • 07/26/13

New to Wyzant

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