Business, 19.02.2020 02:41 jazzy4211

Susan used to work as a telemarketer, earning $25,000 per year. She gave up that job to start a catering business. In calculating the economic profit of her catering business, the $25,000 income that she gave up is counted as part of the catering firm's:
a. total revenue
b. implicit costs
c. explicit costs
d. marginal costs

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Susan used to work as a telemarketer, earning $25,000 per year. She gave up that job to start a cate...