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    Economics Study Set 10
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    Exam 21: Production and Costs
  5. Question
    -Refer to Situation 21-4
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-Refer to Situation 21-4

Question 22

Question 22

Multiple Choice

  -Refer to Situation 21-4. What are Joe's implicit costs? A) $150,000 B) $175,000 C) $35,000 D) $200,000 E) $50,000
-Refer to Situation 21-4. What are Joe's implicit costs?


A) $150,000
B) $175,000
C) $35,000
D) $200,000
E) $50,000

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