Final answer:
Profit figures take economics into account, unlike sales figures, and there are two concepts to consider: accounting profit and economic profit.
Step-by-step explanation:
Profit figures take economics into account, unlike sales figures.
When calculating profit, there are two concepts to consider: accounting profit and economic profit.
While accounting profit only considers explicit costs (such as payments for wages, rent, or materials), economic profit accounts for both explicit and implicit costs, including factors like opportunity costs and the use of the firm's resources.