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Accounting profit vs economic profit

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Description

Overview:
A rational agent considers both accounting profit and economic profit. In this video, see an example highlighting the difference between accounting profit and economic profit from a business and a discussion of explicit and implicit costs of operating a business.
Subject:
Economics
Level:
Academic Lower Division
Material Type:
Lesson
Author:
Provider:
Khan Academy
Provider Set:
Khan Academy
Date Added:
08/10/2021
License:
Creative Commons Attribution Non-Commercial Share Alike Creative Commons Attribution Non-Commercial Share Alike
Language:
English
Media Format:
Video

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