Answer:
A. accounting profit; excluding opportunity cost
Explanation:
here are the options to this question :
A. accounting profit; excluding opportunity cost
B. accounting profit; including opportunity cost
C. economic profit; excluding opportunity cost
D. opportunity cost; including economic profit
Accounting profit is total revenue less total explicit cost.
Revenue = price x quantity sold
explicit cost is the cost actually incurred in carrying out a particular activity e.g. wages, rent
Economic profit is accounting profit less opportunity cost.
Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.
