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zmudasam zmudasam
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5 years ago
If, as an entrepreneur, I am earning accounting profits of $75,000 per year and the opportunity cost of my time is $60,000

• I am earning economic profits of $75,000.

• I am in a long-run equilibrium position.

• I should close my business.

• I am earning economic profits of $15,000.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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cooldawg69cooldawg69
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#1
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5 years ago
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zmudasam Author
wrote...

5 years ago
Good timing, thanks!
courtneyrmcd
wrote...

Yesterday
You make an excellent tutor!
yen
wrote...

2 hours ago
Brilliant ツ
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