Unformatted text preview: purchase the furniture and equipment and is quitting her current job that pays $25,000. She expects that the total revenues from the new business in the first year will be $70,000. Calculate the following: Explicit costs: Implicit costs: Accounting profit: Economic profit:...
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- Fall '10
- English-language films, $12,000, $20,000, $6,000, $4,000, $14,000