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Assume that you have $1,000,000 and practicing the following investing opportunity in portfolio of Stocks and bonds that earns 12% yearly. Further assume that You
Assume that you have $1,000,000 and practicing the following investing opportunity in portfolio of Stocks and bonds that earns 12% yearly. Further assume that You consider owning a small industrial firm by investing $1,000,000 that earns a yearly profit of 200,000. Calculate explicit, implicit, and opportunity costs as well as business, accounting, and economic profits of owning this small industrial firm. Do you think that this is an economically feasible investment? Why
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