Day: April 27, 2017

PreciousBre April 27, 2017

​This answer was provided by a mathematical economic major To calculate economic profit, subtract explicit and implicit costs from revenue.  For accounting profit, simply subtract explicit costs from revenue.  Explicit costs involve direct monetary movement, such as wages of employees and cost of raw materials used in production, while implicit costs are considered opportunity costs, such as being self employed, or company owned equipment […]

PreciousBre April 27, 2017

Isn’t it better to be selfish and exploitive when everyone considers you virtuous than to be virtuo… by KanD Johnson https://www.quora.com/Isnt-it-better-to-be-selfish-and-exploitive-when-everyone-considers-you-virtuous-than-to-be-virtuous-and-have-everyone-consider-you-wicked/answer/KanD-Johnson-1?share=f696fa75&srid=hfsH0