is now LinkedIn Learning!

To access courses again, please join LinkedIn Learning

All the same content you know and love

Plus, personalized course recommendations tailored just for you

All the same access to your Lynda learning history and certifications

Try LinkedIn Learning for free
Questions? Visit our help center.
Skip navigation

Economic profit versus accounting profit

Economic profit versus accounting profit: Managerial Economics
Economic profit versus accounting profit: Managerial Economics

Profit is calculated as the difference between revenues and costs. This is what we call “accounting profit”. In order to calculate “economic profit”, we need to consider “Sunk costs” and “opportunity costs”. The difference between “economic profit” and “accounting” profit is crucial for managerial decisions and is often the reason for the confusion and misunderstandings.

Resume Transcript Auto-Scroll
Skill Level Intermediate
1h 20m
Show More Show Less
Skills covered in this course
Business Accounting Management video2brain Leadership

Continue Assessment

You started this assessment previously and didn't complete it. You can pick up where you left off, or start over.

Start My Free Month

Start your free month on LinkedIn Learning, which now features 100% of courses. Develop in-demand skills with access to thousands of expert-led courses on business, tech and creative topics.

Start My Free Month

You are now leaving and will be automatically redirected to LinkedIn Learning to access your learning content.