Calculate the accounting profit and economic profit
To calculate the accounting profit, you subtract the total explicit costs from the total revenue.
Accounting Profit = Total Revenue - Total Explicit Costs
On the other hand, economic profit takes into account both explicit and implicit costs.
To calculate the economic profit, you subtract the total revenue from the sum of the explicit costs and the implicit costs.
Economic Profit = Total Revenue - (Explicit Costs + Implicit Costs)
Please provide the values for total revenue, explicit costs, and implicit costs to calculate the actual accounting profit and economic profit.