a. Which of the following statements is true? multiple choice 1 Accounting profit equals sales revenue minus explicit costs. Accounting profit gives a true measure of the opportunity cost of the current business venture. Economic profit equals opportunity cost. Normal profit equals sales revenue minus implicit costs. b. A normal profit is considered a cost because multiple choice 2 it cannot be counted as revenue. this is the amount required to ensure continued supply of the product. it has to be paid to the IRS. it has elements of revenue and cost