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You decide to leave your job that $60,000 per year to open your own business...

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Accounting

You decide to leave your job that $60,000 per year to open your own business selling hats. Based on market research you can sell 150,000 untis during the frist year at a price of $25 per unit. Annual operating expenses amount to $3,700,000. What will be your accounting profit and econmic profit during the first year of operatinon?

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