Getting the sums of the Total revenues (TR) and subtracting the Total Cost (TC) from it will allow to derive the total economic profit or loss in the given table.
What is an economic profit?
This refers to the difference between the company's total revenue and the sum of its explicit and implicit costs.
In this case, the total economic profit or loss in the given table will be derived by adding the sums of the Total revenues (TR) and subtract the Total Cost (TC) from it.
Therefore, the economic profit or loss will be determined.
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