Essay
Suppose a local floral shop has explicit costs of $200,000 per year and implicit costs of $50,000 per year.If the store earned an economic profit of $50,000 last year, this means that the store's accounting profit equaled:
A.$10,000.
B.$50,000.
C.$100,000.
D.$200,000.
Correct Answer:
Verified
Correct Answer:
Verified
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