ch If an accountant were to calculate total cost, the accountant would be sure to include only implicit costs. include only explicit costs. include both implicit and explicit costs. include neither implicit nor explicit costs. Question 5 A business pays income taxes on its economic profit. its accounting profit. its marginal revenue. its total revenue. Question 6 The choices regarding future production for a business owner is most influenced by her economic costs. accounting costs. past costs. residual costs. 6