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| accounting profit definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | total revenue minus total explicit cost | 9 sets | |
| 2 | the difference between a firm's total revenue and its explicit costs | 5 sets | |
| 3 | total revenue - total explicit cost | 3 sets | |
| 4 | the profit that is calculated on your income statement; used to rank the firms in our market experiment | 3 sets | |
| 5 | total revenue minus explicit costs | 2 sets | |
| 6 | total revenue minus explicit costs; not taking into consideration implicit costs | 2 sets | |
| 7 | total revenue minus total explicit costs. | 2 sets | |
| 8 | net operating income | 2 sets | |
| 9 | tr-total explicit cost | 1 set | |
| 10 | revenue minus explicit costs and depreciation. | 1 set | |
| 11 | the number that is on the books; revenue less explicit costs of production | 1 set | |
| 12 | tr-tc | 1 set | |
| 13 | the difference between total revenue and total explicit cost | 1 set | |
| 14 | revenue minus explicit costs | 1 set | |
| 15 | is explicit revenue minus explicit cost | 1 set | |
| 16 | revenue minus actual (explicit) costs. accounting profit > economic profit | 1 set | |
| 17 | total revenue minus explicit costs only | 1 set | |
| 18 | difference between a firm's total revenue and its explicit costs. | 1 set | |
| 19 | total revenue minus explicit costs. | 1 set | |
| 20 | total revenue - accounting cost | 1 set | |
| 21 | numbers-only profit, no opportunity costs | 1 set | |
| 22 | the difference between total revenue and total explicit costs | 1 set | |
| 23 | a firm's total revenue minus its explicit costs | 1 set | |
| 24 | difference between revenues and explicit cosrs of production | 1 set | |
| 25 | total revenue-explicit costs | 1 set | |
| 26 | total revenue minus explicit cost | 1 set | |
| 27 | revenue minus explicit costs; not taking into consideration implicit costs | 1 set | |
| 28 | revenue less accounting costs | 1 set | |
| 29 | total revenue minus total explicit costs | 1 set | |
| 30 | net income after taxes | 1 set | |
| 31 | total revenue - explicit costs | 1 set | |
| 32 | revenue - accounting costs | 1 set | |
| 33 | = total revenue-explicit costs ( out of pocket costs) | 1 set | |
| 34 | a residual amount (revenue - expenses) | 1 set | |
| 35 | a firms net income measured by revenue minus operating expenses and taxes paid | 1 set | |
| 36 | total revenues minus total explicit costs. | 1 set | |
| 37 | revenue - explicit costs | 1 set | |
| 38 | ...will always be greater than economic profit | 1 set | |