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SUPPOSE THAT THE FIRM DURHAM SELLS 200 JACKETS PER MONTH FOR $55 PER JACKET. ANGIE THE OWNER OF THE BUSINESS AND DOES NOT TAKE SALARY
SUPPOSE THAT THE FIRM DURHAM SELLS 200 JACKETS PER MONTH FOR $55 PER JACKET. ANGIE THE OWNER OF THE BUSINESS AND DOES NOT TAKE SALARY FROM HER BUSINESS YET ANGIE IS A TEXTILE ENGINEER BY TRADE AND COULD BE EARNING $1650 PER MONTH WORKING FOR A SIMILAR FIRM tHE MONTHLY COST OF PRODUCTION ARE AS FOLLOW MATERIAL:$2750 LABOR:$4400 OTHER:$550 1)WHAT IS ARE DURHAM TOTAL EXPLICIT COSTS? 2)WHAT IS ARE DURHAM TOTAL IMPICIT COSTS 3)WHAT IS DURHAM ACCOUNTING PROFIT 4)WHAT IS DURHAM ECONOMIC PROFIT
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