Question
What is the economic profit by running pizza restaurant in the example below? You can make 70,000 in accounting profits by running pizza restaurant. If
What is the economic profit by running pizza restaurant in the example below?
You can make 70,000 in accounting profits by running pizza restaurant. If you don't run pizza restaurant you can make $40,000 of salary as an employee in a firm and $25000 of capital income by investing in treasury bill
-0$
-$5,000
-$5,000 (loss of 5000)
-None of the above
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
