The difference between the cost of inputs and the value or price of outputs. ( disregard the dash; use space instead )

The difference between the cost of inputs and the value or price of outputs is known as "economic profit" or "economic value added". Here's how you can calculate it:

Step 1: Determine the Cost of Inputs The cost of inputs includes all the expenses incurred to produce a product or service. This coul Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.