Assuming the normal profits for a business is $290,000. However, the actual profits in a five...

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Assuming the normal profits for a business is $290,000. However, the actual profits in a five years span were as follows: Year 1 Actual Profit -- $300,000 Year 2 Actual Profit -- $320,000 Year 3 Actual Profit -- $340,000 Year 4 Actual Profit -- $310,000 Year 5 Actual Profit --$290,000 [1] What is super profit after added together? [2] What is the total super profit? [3] Please provide the brief explanation Assuming the normal profits for a business is $290,000. However, the actual profits in a five years span were as follows: Year 1 Actual Profit -- $300,000 Year 2 Actual Profit -- $320,000 Year 3 Actual Profit -- $340,000 Year 4 Actual Profit -- $310,000 Year 5 Actual Profit --$290,000 [1] What is super profit after added together? [2] What is the total super profit? [3] Please provide the brief explanation

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1 To calculate the super profit for each year we need to deduct the normal profit from the actual p... View the full answer