Explain why economic profit provides a better measure of profit than accounting profit.

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Managerial Economics Markets and the Firm

ISBN: 978-0618988624

2nd edition

Authors: William Boyes

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Question Posted: Sep 27, 2014 06:17 AM

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Explain why economic profit provides a better measure of profit than accounting profit.

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Economic profit is total revenue minus total costs Total ...View the full answer

Managerial Economics Markets and the Firm

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