Which of the following items completes the calculation of economic profit?
Economic profit equals total revenue minus

Question

Which of the following items completes the calculation of economic profit? 
 Economic profit equals total revenue minus

Accepted Answer

the firm's opportunity cost of production.

Answer

the implicit rental rate of the firm's capital.

Answer

the cost of resources supplied by the owner.

Answer

the cost of resources bought in the market.

Answer

the cost of resources owned by the firm.

Crowdly