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P.C. Brown sells three hundred jars of honey each month at a price of $3 per jar.He pays $200 each month for jars and other
P.C. Brown sells three hundred jars of honey each month at a price of $3 per jar.He pays $200 each month for jars and other materials and $150 forlabor.He uses his ownland, which he could rent for $100 per month, and his time, which has anopportunity costof $300 per month.What is his economic profit?
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