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Home Q & A Board Other Fields Homework Help Business Economics
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pirex pirex
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Posts: 634
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7 years ago
A small business owner earns $50,000 in revenue annually. The explicit annual costs equal $30,000. The owner could work for someone else and earn $25,000 annually. The owner's business profit is ________ and the economic profit is ________.
A) $20,000, $5,000
B) $20,000, -$5,000
C) $25,000, -$5,000
D) $45,000, -$5,000
Textbook 
Microeconomics

Microeconomics


Edition: 6th
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Read 76 times
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And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home

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7 years ago
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