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Help and explanation for my Economics assignment question please Suppose that you are in business and you have determined that your normal profit is a

Help and explanation for my Economics assignment question please

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Suppose that you are in business and you have determined that your normal profit is a +7% return on capital. In other words, you have alternative opportunities to earn at least 12%. Your accountant tells you that your accounting profits last year was a +8%. What was your economic profit last year

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