Implicit cost is equal to:

CA Foundation · Business Economics · RTP · January 2026
Implicit cost is equal to:
(A) A. business profit minus economic profit.
(B) B. business profit plus economic profit.
(C) C. economic profit minus business profit
(D) D. economic profit minus explicit cost

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. economic profit minus explicit cost

Topics: Theory of Production and Cost

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