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Answer each of the following questions and don't forget to indicate the sign ( positive or negative ) . A seller earns $ 5 0
Answer each of the following questions and don't forget to indicate the sign positive or negative
A seller earns $ in total revenue. Their implicit costs of production are $ and their explicit costs of production are $ How much accounting profit did they earn?
Maxim is the owner of a clothing store. Last year, their total revenue was $ their rent was $ their labor costs were $ and their overhead expenses were $ Maxim could earn $ per year working at another nearby clothing store. From this information, we know that their accounting profit was:
Suppose that a firm produces units a year and sells them all for $ each. The explicit costs of production are $ and the implicit costs of production are $ How much is the firm's accounting profit?
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