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mylab.pearson.com C + ECN 104 - F2025 - Section 011 Noorman Hothi Homework: Homework 3 Question Completed: 14 of 60 Part 2 of 3 My score: 13.67/60 pts (22.78%) Save Minimize list What is the difference between accounting profit and economic profit? A. Accounting profit subtracts both explicit and implicit costs from total revenue, while economic profit only subtracts explicit costs. Question | 1/1 pt B. Economic profit subtracts both explicit and implicit costs from total revenue, while accounting profit only subtracts explicit costs. Review Question 2 C. Economic profit only subtracts implicit costs from total revenue, while accounting profit only subtracts explicit costs. Question | 1/1 pt O O D. Accounting profit only subtracts implicit costs from total revenue, while economic profit only subtracts explicit costs. s it possible for accounting profit to be positive and economic profit to be negative? Concept Question 6.1.2 12 O A. Yes, this could occur if explicit costs were modest and implicit costs were high. Question | 1/1 pt O B. Yes, this could occur if implicit costs were modest and explicit costs were high. Review Question 4 O C. No, economic profit must always be larger than accounting profit. 13 Question | 0.67/1 pt O D. No, economic profit and accounting profit will always end up being the same. Review Question 6 14 Question | 1/1 pt Review Question 7 15 Question | 0/1 pt Text Problem 3 16 Question | 0/1 pt O Text Problem 4 17 Question | 0/1 pt Text Problem 13 Etext pages Grapher Clear all Check