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Consider the following information about a photography business Leila opened last year: Price = $70 per unit Quantity sold = 12,500 Implicit cost = $95,000
Consider the following information about a photography business Leila opened last year: Price = $70 per unit Quantity sold = 12,500 Implicit cost = $95,000 Average material cost = $55 per unit Assuming that all relevant costs and revenue are noted, what was Leila's accounting profit
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