Calculate accounting profit and economic profit for each of the following firms (amounts are in millions of
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Calculate accounting profit and economic profit for each of the following firms (amounts are in millions of dollars).
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General Barclays Motors Bank Microsoft Sales $50,091 $5,730 $2,750 Wages and salaries $29,052 $3,932 $ 400 Cost of capital $12,100 $ 750 $ 35 Interest on debt Cost of materials $ 7,585 $ 275 $ 5 $ 6,500 $ 556 $1,650
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