Question
A company has TR/yr $10 mn. Accounting cost is $9mn. The owner is a Stanford graduate who was offered $600,000 to work in a tech
A company has TR/yr $10 mn.
Accounting cost is $9mn.
The owner is a Stanford graduate who was offered $600,000 to work in a tech company in LA.
What is the economic cost and economic profit of the company?
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