3 Tutorials that teach Economic Profit
Take your pick:
Economic Profit

Economic Profit

Author: Catherine Barry

This lesson will explain Economic Profit

See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

28 Sophia partners guarantee credit transfer.

264 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 25 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Terms to Know
Economic Profit

Total revenue minus total cost, where total cost includes implicit (opportunity) costs. TR - TC; TR = price x quantity sold; TC = (cost per unit x quantity produced) + opportunity cost