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Business, 24.03.2020 23:26 SoccerHalo

Ebon opened up a small coffee shop which earned him $175,000 in total revenue the first year. To do this, Ebon had to quit his previous job as a barista where he earned $25,000 per year. Ebon calculated his economic profit to be $10,000, but he wants to know what his explicit costs were. What are Ebon's explicit costs?

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Ebon opened up a small coffee shop which earned him $175,000 in total revenue the first year. To do...

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