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t shop earned $30,000 in total revenues per month with explicit costs of $15,000 and an opportunity costs of $9,000, what would my economic profit be?...

If a donut shop earned $30,000 in total revenues per month with explicit costs of $15,000 and an opportunity costs of $9,000, what would my economic profit be? Please show me step by step in how to solve this.

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economic profit is the difference between total revenue received by the business and total implicit and explicit cost of a... View the full answer

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