ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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. Suppose that a sole proprietorship is earning total revenue of 1,00,000 and is incurring explicit costs of 75,000. If the owner could work for another company for 7 30,000 a year, would you conclude that the firm is incurring an economic loss or getting profit?
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Transcribed Image Text:. Suppose that a sole proprietorship is earning total revenue of 1,00,000 and is incurring explicit costs of 75,000. If the owner could work for another company for 7 30,000 a year, would you conclude that the firm is incurring an economic loss or getting profit?
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