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Business, 11.03.2020 21:54 saadizak7098

Suppose Ernie gives up his job as a financial advisor to P. E.T. S., where he earned $30,000 per year, to open up a store selling pet-care products. He invested $10,000 in the store, which was originally savings that earned 5 percent interest. This year, the revenue from the new business was $50,000, and the explicit costs were $10,000. The accounting profit earned by Ernie was

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Suppose Ernie gives up his job as a financial advisor to P. E.T. S., where he earned $30,000 per yea...
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