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Question 7 The alle below provides the totale s coses del prestice for one year Total Revue W 0 Totul C SI: a salaries Risk-f

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Answer #1

7.1 ) Explicit cost = 700000+150000 = 850000

7.2) Implicit cost = 50000+40000 =90000

7.3) Accounting profit =950000-850000 =100000

7.4) Economic Profit = 950000-850000-90000 =10000

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