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The vignette near the outset of Chapter 12 in the eighth edition of Death & Dying, Life & Living describes an audiovisual, "And We Were Sad, Remember?", in which a father tells his child "you don't have to worry about that [death] for a hundred years." In so doing, the father is not:
Opportunity Cost
The loss of potential gain from other alternatives when one alternative is chosen.
Economic Profit
The difference between a firm's total revenues and its total costs, including both explicit and implicit costs.
Economic Profit
The difference between total revenue and total cost, including both explicit and implicit costs.
Accounting Profit
The difference between a company's total revenue and its explicit costs.
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