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wrote...
Posts: 9130
4 years ago
Suppose a firm's total revenue is $1,000,000. The firm has incurred explicit costs of $750,000. There is also $50,000 of forgone wages by the owner, $10,000 of forgone interest by the owner, $3,000 worth of economic depreciation, and $20,000 worth of normal profit. What is the firm's economic profit?
A) $250,000
B) $200,000
C) $190,000
D) $167,000
E) $180,000
Textbook 
Essential Foundations of Economics
Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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4 years ago
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wrote...
3 years ago
Wow, this is exactly what I needed Grinning Face
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
wrote...
3 years ago
The textbook reference in your signature really helped me narrow it down.

Happy to help Wink Face
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