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Why do asteroids and comets differ in composition?
Accounting Profit
The financial gain calculated by subtracting total explicit costs from total revenue, not considering implicit costs.
Economic Profit
The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.
Accounting Profit
The total revenue of a business minus the explicit costs of operating the business.
Implicit Costs
The opportunity costs associated with a company's use of resources that are not directly paid for or billed.
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