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mnoon mnoon
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5 years ago
Tommy's Teddy Bears incurs $300,000 per year in explicit costs and $50,000 in implicit costs.  The shop earns $600,000 in revenues and has $1.1 million in net worth.  Based on this information, what is economic profit for Tommy's Teddy Bears?
A) $250,000
B) $300,000
C) $500,000
D) $1.35 million
Textbook 
InMacro

InMacro


Edition: 1st
Authors:
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xaero13xaero13
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5 years ago
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