Examlex
Match the following:
-Zone of indifference
Economic Profits
The margin between total earnings and all incurred costs, accounting for both obvious and concealed expenses.
Accounting Profits
Net income reported on a company's financial statements, calculated as total revenues minus explicit costs, excluding opportunity costs.
Economic Profits
The surplus remaining after total costs are subtracted from total revenues, taking into account both explicit and implicit costs.
Accounting Profits
The difference between total revenue and explicit costs; the net income a firm reports on its income statement.
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