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Business, 01.05.2021 03:00 williamvh2001

A certain firm produces and sells staplers. Last year, it produced 7,000 staplers and sold each stapler for $6. In producing the 7,000 staplers, it incurred variable costs of $28,000 and a total cost of $45,000. Suppose the owner of the business had an offer to work for another firm that raises his opportunity cost by $25,000. The firm's economic profit for the year was

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A certain firm produces and sells staplers. Last year, it produced 7,000 staplers and sold each stap...
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