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Home Q & A Board Other Fields Homework Help Business Economics
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Mairoon Mairoon
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6 years ago
A small business owner earns $60,000 in revenue annually. The explicit annual costs equal $40,000. The owner could work for someone else and earn $25,000 annually. The owner's accounting profit is ________ and owner's economic profit is ________.
A) $20,000, $5,000
B) $20,000, -$5,000
C) $25,000, -$5,000
D) $45,000, -$5,000
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Microeconomics

Microeconomics


Edition: 6th
Author:
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TecShdwTecShdw
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6 years ago
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Mairoon Author
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#2
6 years ago
Perfect
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