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Tragamin Tragamin
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6 years ago
The rate of interest is 10 percent per year. You invest $50,000 of your own money in a business and earn accounting profits of $20,000 after one year. What are your economic profits?
A) - $15,000
B) $2,000
C) $5,000
D) $15,000
E) $20,000
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Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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AryanAryan
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6 years ago
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