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.
Accounting Profit = 200,000 - 120,000 = 80,000 Implicit cost= 160,000 (working as financial analyst) Economic profit= 80,000 - 160,000 = -80,000<0 (2) Implicit cost = 50,000 ( Secretary) economic profit = 80,000- 50,000= 30,000>0 The Role of Economic Profit â¢ In the short run, firms may be stuck making an economic loss (their economic profit may be ...