
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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D
16:11
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16:05
A firm has $200 million in total revenue and explicit costs of $190 million. If its owners have invested $100
million in the company at an opportunity cost of 10 percent interest per year, the firm's accounting profit is:
$400 million.
$100 million.
C$80 million.
E zero
$10 million.
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