Question
You own and operate a boutique clothing store. Last year, you are earned $130,000 in revenue, and incurred total cost of $124,000. Your economist friend
You own and operate a boutique clothing store. Last year, you are earned $130,000 in revenue, and incurred total cost of $124,000. Your economist friend says that your business still wasn't really profitable. What does he mean by this?
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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
