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Jane quits her $100,000/year job to open a business. In the first year, her business revenue is $150,000. Her business accounting cost is $50,000. The
Jane quits her $100,000/year job to open a business. In the first year, her business revenue is $150,000. Her business accounting cost is $50,000. The accounting profit of her business in the first year is: O $150,000, (Accounting profit = Revenue). O $0 = (Revenue of $150,000 - accounting cost of $50,000 - opportunity cost of $100,000). O $100,000 (Revenue of $150,000 accounting cost of $50,000). O $50,000 (The opportunity cost of $100,000 accounting cost of $50,000).
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