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devildoc devildoc
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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 implicit costs?



▸

$150,000



▸

$175,000



▸

$35,000



▸

$200,000



▸

$50,000

Textbook 
Economics

Economics


Edition: 12th
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packar11packar11
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