Economic Profit Calculator Tool

Economic Profit Calculator

Economic Profit Calculator

Parameter Description Example Value
Total Revenue The total revenue generated from sales. $500,000
Explicit Costs The total explicit costs (e.g., wages, rent, materials). $300,000
Implicit Costs The total implicit costs (e.g., opportunity costs). $50,000
Economic Profit The profit calculated by subtracting both explicit and implicit costs from total revenue.
Formula: Total Revenue – Explicit Costs – Implicit Costs
$150,000

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