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Upon graduating with an accounting degree, you open your own accounting firm of which you are the sole employee. To start the firm you passed
Upon graduating with an accounting degree, you open your own accounting firm of which you are the sole employee. To start the firm you passed on a job offer with alarge accounting firm that offered you a salary of $60,000 annually. Last year youearned a total revenue of $100,000. Rent and supplies last year were $50,000.What is your economic profit?
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