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Suppose Madison has used $25,000 of her money to start a window-washing company. Assume that her money otherwise could have been invested elsewhere and earned
Suppose Madison has used $25,000 of her money to start a window-washing company. Assume that her money otherwise could have been invested elsewhere and earned as much as a 6 percent annual rate of return. The window-washing company's revenue as well as its various costs of production is depicted in its income statement below Income Statement 2006 Revenue $10,000 Cost of Labor 3,500 Cost of Supplies 100 Cost of Advertising 300 What is the accounting profit of Madison's window-washing company? $|. (Enter a numeric response using an integer.) What is Madison's economic profit? $
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