Economists consider both explicit costs and implicit costs when measuring economic profit. The reason they consider implicit costs is that

a business must cover its opportunity costs as well as its out-of-pocket expenses to be truly profitable.

Explanation:

Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.

explicit cost is the actual cost incurred in carrying out a particular action

Economic profit = Total revenue - (implicit cost + explicit cost)

For example , a man leaves his job where he earns $50,000 to start his business. the total revenue of his business is $100,000 while explicit cost is $50,000

Accounting profit = $100,000 - $50,000 = $50,000

Economic profit =  $50,000 - $50,000 = 0

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

client registration system, resource management system, clinical management system, patient information database, common use-system interface

explanation: