connie turn down job offer with insurance company that would have her paid 70,000 per year to start her own photographic business she uses 20,000 of her own saving to help start the business savings that had been providing her a returnn of 1,000 per year. over her first year in business connie collect total revenue of 180,000 and must cover explicit cost of 105,000 during her first year in business connie 's accounting profit is and her economic profit is a.75,000 , -16,000 b.110,000; 4,000 c.110,000; -16,000 d. 75,000; 4,000

connie turn down job offer with insurance company that would have her paid 70,000 per year to start her own photographic business she uses 20,000 of her own saving to help start the business savings that had been providing her a returnn of 1,000 per year. over her first year in business connie collect total revenue of 180,000 and must cover explicit cost of 105,000 during her first year in business connie 's accounting profit is and her economic profit is a.75,000 , -16,000 b.110,000; 4,000 c.110,000; -16,000 d. 75,000; 4,000

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: The Cost Of Production

Section: Chapter Questions

Problem 1CQQ

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