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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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This note was uploaded on 05/20/2010 for the course MUSIC APPR 894885838 taught by Professor Kimberlyhousser during the Fall '10 term at LSU.
- Fall '10