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Business, 15.07.2020 01:01 rebeckas0102

Dixie, a cattle ranch owner, earns $350,000/month in revenue. Her monthly cost include: administrative cost: $35,000, Feed: $40,000, Equipment and maintenance: $55,000, Labor: $90,000, Transportation: $20,000, Miscellaneous: $35,000, Foregone rent for the land used for cattle grazing $18,000, Cost of her daughter’s time that helps on weekends: $4,000, owner’s salary: $15,000. Dixie’s accounting and economic profit respectively are

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Dixie, a cattle ranch owner, earns $350,000/month in revenue. Her monthly cost include: administrati...
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