How is accounting profit calculated?

What will be an ideal response?

Accounting profit equals total revenues minus explicit costs.

Economics

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Explain the difference between Microeconomics and Macroeconomics

What will be an ideal response?

Economics

"Market making"

a. is the action of bringing together high value buyers and low value sellers b. transfers goods from their low value uses to high value uses, creating wealth c. can not occur if the transaction costs are too high to prevent value creating transactions d. all of the above

Economics