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$400,000; total costs: $250,000; return you could have earned by investing your money elsewhere: $15,000; wages you and your family members could have earned doing

$400,000; total costs: $250,000; return you could have earned by investing your money elsewhere: $15,000; wages you and your family members could have earned doing the same work for another firm: $40,000. How much are your family business's accounting profits? and economic profits?

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