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Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or toregone entrepreneurial income to be $5.000

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Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or toregone entrepreneurial income to be $5.000 a year. To start the business, he cashed in $100,000 in bonds that earned 10 percent interest innuaity to buy at software company. Extreme Gaming. In the first year, the firm sold 11,000 units of software at $75 for each unit. of the $75 per unit $55 goes for the costs of production, packaging, marketing, employee wages and benefits, and rent on a building. Compute Harvey's accounting (explicit) and economic (implicit) profit. Will Harvey continue to operate his Extreme Gaming ompany? Or will he quit and do something else? Explain. be the ediror to formatyour

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