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shayanbk shayanbk
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A year ago




Situation 22-4

Joe is the owner-operator of Joe's Haircuts Unlimited. Last year he earned $200,000 in total revenues and paid $125,000 to his employees and suppliers. During the course of the year, he received three offers to work for other barbers, with the highest offer being $50,000 per year.

Refer to Situation 22-4.  What are Joe's explicit costs?



$125,000



$175,000



$35,000



$200,000



$50,000

Textbook 
Economics

Economics


Edition: 12th
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mnnewmanmnnewman
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A year ago
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