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.
This article is about profit in accounting and business. For profit in economics and political economy, see Profit (economics). Profit is an income distributed to the owner in a profitable market production process (business). Profit is a measure of profitability which is the ownerâs major interest in income formation process of market production. There are several profit measures in common use.