with the given info, what is the owners economic profit for his business for year 1?
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Question:
with the given info, what is the owners economic profit for his business for year 1?
-Capital to buy business is $500,000
-Currently makes $45,000 a year
-earns 5% on investments
-anticipates $70,000 in profits in the first year
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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