6. The right answer is option A. Accounting Profit = economic profit + implicit costs
Explanation: Accounting profit does not consider implicit or opportunity costs. It only considers explicit costs. Economic profit considers implicit costs as well as the explicit costs. Therefore, economic profit is calculated after deducing implicit costs from accounting profit. So, the relationship is as follows:
Economic profit = Accounting profit – Implicit costs
So, Accounting profit = Economic profit + implicit costs.