Business, 09.04.2021 01:50 tfaulk2884

Corinne is offered a job with a salary of $70,000, which she turns down to start her own business. She uses $20,000 of her own savings to help start the business, savings that had been providing her a return of $1,000 per year. Over her first year in business, Corinne collects total revenue of $180,000 and must cover explicit costs of $105,000. During her first year in business, Corinne's accounting profit is , and her economic profit is .

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Corinne is offered a job with a salary of $70,000, which she turns down to start her own business. S...

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