Sodium silicate, commonly known as âwaterglassâ, is prominent due to wide commercial and industrial application. It is often composed of an oxygen-silicon polymer backbone housing water in molecular matrix pores. Sodium silicate products are manufactured as solids or thick liquids, depending on intended use. For instance, waterglass functions as a sealant in metal components. Lastly, although sodium silicate production is a mature industry, there is ongoing research for new applications given its heat conductive properties.
T/F Profit equals marginal revenue minus marginal cost. T/F The difference between economic profit and accounting profit is that economic profit is calculated. based on both implicit and explicit costs whereas accounting profit is calculated based on explicit. costs only. T/F Economic profit is greater than or equal to accounting profit.
This is different from accounting profit. It is bad for a company to make zero accounting profit, but it is okay for it to make zero economic profit in many circumstances. Accounting profit is the familiar kind of profit. You figure accounting profit by subtracting costs from revenues. If a business makes zero economic profit, it is only bringing in enough revenue to cover its costs. This business will not lose money, but it will not make money for the people who own it.