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Business, 07.04.2020 21:43 adricabrera

Suppose that Bob leaves a job that pays $50,000 per year in order to open a new sponge business. His insurance cost is $5,000, his material cost is $25,000, his lease payments are $10,000, and his sales revenue is $90,000. Bob's economic profit is:

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Suppose that Bob leaves a job that pays $50,000 per year in order to open a new sponge business. His...
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