Business, 12.03.2020 21:57 jacksonthelma82
Jeff operates a small fiber optic installation company. His revenues are $50,000. His costs include $10,000 in parts and equipment, $15,000 to pay his buddy who helps him, and $5,000 in insurance and license fees. By running this business, he gives up working on weekends at his other job where he could have earned $15,000 in overtime pay. What is Jeff’s economic profit?
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Jeff operates a small fiber optic installation company. His revenues are $50,000. His costs include...
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