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7 1 point You own and are the only employee of a company that writes computer software. Last year your total revenue was $110,000. Your

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7 1 point You own and are the only employee of a company that writes computer software. Last year your total revenue was $110,000. Your costs for rent and supplies were $25,000. To start this business, you passed on a job with a salary of $45,000 and instead invested $100,000 of your own capital. This capital investment would have otherwise earned you a normal rate of return of 4%. During the year, your economic profit was: Type your answer... Previous Next

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