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Business, 04.04.2020 13:02 maribel2421

Billy Bob runs a seafood restaurant. Last year he earned $50,000 in revenue. He had explicit costs of $20,000. Billy Bob could have made $30,000 working for the county and could have received an additional $20,000 if he rented out his building and equipment. Calculate Billy Bob's economic profit.

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Billy Bob runs a seafood restaurant. Last year he earned $50,000 in revenue. He had explicit costs o...
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