Sodium silicate, commonly known as âwaterglassâ, is prominent due to wide commercial and industrial application. It is often composed of an oxygen-silicon polymer backbone housing water in molecular matrix pores. Sodium silicate products are manufactured as solids or thick liquids, depending on intended use. For instance, waterglass functions as a sealant in metal components. Lastly, although sodium silicate production is a mature industry, there is ongoing research for new applications given its heat conductive properties.
T/F Profit equals marginal revenue minus marginal cost. T/F The difference between economic profit and accounting profit is that economic profit is calculated. based on both implicit and explicit costs whereas accounting profit is calculated based on explicit. costs only. T/F Economic profit is greater than or equal to accounting profit.
BREAKING DOWN 'Normal Profit'. A business will be in a state of normal profit when its economic profit is equal to zero, which is why normal profit is also often called âzero economic profit.â When total revenues are equal to total costs, ânormal profitâ and âeconomic profitâ are the same.he method of determining whether a firm is in a state of normal profit can be represented in the following way: Total Revenue - (Explicit Expense + Implicit Expenses) = 0. If the difference between total revenue and total expenses is not equal to zero, the business in question is not in a state of normal profit.