Business, 29.10.2019 06:31 dragonstar6281
During its only year of operation, a firm collected $175,000 in revenue and spent $50,000 on raw materials, labor, and utilities. the owners of the firm spent $100,000 of their own money to build the firm's factory (instead of buying bonds and earning a 10% annual rate of return), which they sold at the end of the year for $100,000. the firm's economic profit is:
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During its only year of operation, a firm collected $175,000 in revenue and spent $50,000 on raw mat...
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