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Consider the following information about a business Mrs. Wagner opened last year: price = $6, quantity sold = 15,000; implicit cost = $35,000; explicit cost
Consider the following information about a business Mrs. Wagner opened last year: price = $6, quantity sold = 15,000; implicit cost = $35,000; explicit cost = $60,000. What was Mrs. Wagner's economic profit? (1pts) Question 4 - Consider the following information about a business Mrs. Wagner opened last year: price = $6, quantity sold = 15,000; implicit cost = $35,000; explicit cost = $60,000. What was Mrs. Wagner's economic profit? $55,000 $5,000 -$5,000 $30,000
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