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frq A) What were the total implicit costs? B) What were the total explicit costs? 7000 C) Calculate the accounting profit. Show your work. D)
frq A) What were the total implicit costs? B) What were the total explicit costs? 7000 C) Calculate the accounting profit. Show your work. D) Now, calculate the economic profit. Show your work. E) As an economist, should you recommend that Mr. Gilliam leave his teaching job behind? Explain
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