Raj opens up a lemonade stand for two hours. He spends $10 for ingredients and sells $60
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Raj opens up a lemonade stand for two hours. He spends $10 for ingredients and sells $60 worth of lemonade.
In the same two hours, he could have mowed his neighbor’s lawn for $40. Raj has an accounting profit of ______ and an economic profit of ______.
a. $50, $10
b. $90, $50
c. $10, $50
d. $50, $90
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