During the synthesis stage of the cell cycle, a cell makes (replicates its own) DNA.
Economic profits equals total revenues minus the sum of explicit costs and implicit costs. Since explicit costs are already subtracted when arriving at the accounting profit, we can find economic profit by subtracting the implicit costs from the accounting profit.
Economic Profit. Profit = Total Revenue - Total Costs = TR - TC Total Revenue = Price x Quantity Sold TR = P x Q Total Costs = Opportunity costs of all factors of production: land, capital, labor and other inputs supplied by the firmâs owner(s) Economic Profit versus Business Profit Economic Costs =Explicit costs + Implicit Costs Economic Profit = T. Revenue -T. Economic Costs =TR- Explicit Costs-Implicit Costs Business Profit = T. Revenue -Explicit Costs =>We expect: Bus. Profit > Economic Profit Total Revenue and Demand Curve Consider the following two cases: