Answer:
D)less than accounting profit if implicit costs are zero.
Explanation:
The formula to compute the economic profit is shown below:
The computation of the economic profit is shown below:
Economic profit = Total revenues - explicit cost - implicit cost
where,
Accounting profit = Total revenues - explicit cost
As we can see that
If implicit cost is positive so accounting profit is more than the economic profit and if implicit cost is zero than the accounting profit = economic profit
