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.
Share this set. Total revenue equals the quantity of output the firm produces times the price at which it sells its output. Wages and salaries paid to workers are an example of implicit costs of production. If total revenue is $100, explicit costs are $50, and implicit costs are $30, then accounting profit equals $50. If there are implicit costs of production, accounting profits will exceed economic profits. When a production function gets flatter, the marginal product is increasing.