Examlex
Consider the distinction between passionate and companionate love. How do the two types of love differ?
Economic Profit
The difference between total revenues and total costs, including both explicit and implicit costs, measuring the true profitability of an enterprise.
Accounting Profit
The difference between a firm's total revenue and its explicit costs, often reported in the financial statements.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs, representing the true profitability of a company.
Accounting Profit
The difference between the total revenue received from sales and the total explicit costs of a business.
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