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Abusiness owner makes 1000 items a day. each day he/she contributes 8 hours to produce those items. if hired, elsewhere he/she could have earned $250 an hour. the item sells for $15 each. production does not stop during weekends. if the explicit costs total $150,000 for 30 days, the economic profit for the month equals:
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Abusiness owner makes 1000 items a day. each day he/she contributes 8 hours to produce those items....
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