- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 8. Topics in Demand and Supply Analysis
- Subject 5. Economic Profit vs. Accounting Profit
CFA Practice Question
Economic profit equals ______.
B. total revenue plus normal profit
C. total revenue minus total explicit costs minus total implicit costs
A. total revenue minus total explicit costs
B. total revenue plus normal profit
C. total revenue minus total explicit costs minus total implicit costs
Correct Answer: C
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