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Suppose Melissa could earn $50,000 per year if she chooses to work as a baker in a bakery, but she prefers to run the caf.
Suppose Melissa could earn $50,000 per year if she chooses to work as a baker in a bakery, but she prefers to run the caf. In fact, she would be willing to pay up to $8,000 per year to run the caf rather than work as a baker. Is the caf making an economic profit? Should Melissa stay in the caf business
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