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Anal gives up his job at a major commercial bank that paid $80,000 per year to start his own financial advisory service. He invests $50,000
Anal gives up his job at a major commercial bank that paid $80,000 per year to start his own financial advisory service. He invests $50,000 of his savings in his company, savings that had been earning him $4,000 per year in interest. During Alma's first year in business, total revenue is $300,000, and his explicit financial costs are $225,000. What is Alma's economic profit from his first year in business? $71,000 $75,000 -$9,000 -$59.000
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