How do economists differ from accountants, Business Economics

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How do economists differ from accountants in the use of the term profit ?

Definition of rev and accounting costs

Explanation/outline of opportunity costs, for example

a) foregone interest

b) foregone wages

c) risk premium

accounting costs + opportunity costs = economic costs
Explanation of normal profit as covering all accounting and opportunity costs
Explanation of abnormal profit

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OPPOTUNITY COST THEORY, WHAT IS OPPOTUNITY COST?

WHAT IS OPPOTUNITY COST?

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