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Author Question: Refer to Scenario 7.2 below to answer the question(s) that follow. SCENARIO 7.2: You are the owner ... (Read 252 times)


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Edwyer

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rl

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Refer to Scenario 7.2 below to answer the question(s) that follow. 

SCENARIO 7.2: You are the owner and only employee of a company that sets odds for sporting events. Last year you earned a total revenue of $100,000. Your costs for rent and supplies were $50,000. To start this business you invested an amount of your own capital that could pay you a return of $20,000 a year. 





Refer to Scenario 7.2. Your economic profit last year was


◦ -$40,000.
◦ -$10,000.
◦ $10,000.
◦ $30,000.




joblessjake

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Refer to Scenario 7.2 below to answer the question(s) that follow. 

SCENARIO 7.2: You are the owner and only employee of a company that sets odds for sporting events. Last year you earned a total revenue of $100,000. Your costs for rent and supplies were $50,000. To start this business you invested an amount of your own capital that could pay you a return of $20,000 a year. 





Refer to Scenario 7.2. Your economic profit last year was


◦ -$40,000.
◦ -$10,000.
◦ $10,000.
◦ $30,000.






 

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