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Jane Decides to Open Her Own Business and Earns $50,000

Question 107

Multiple Choice

Jane decides to open her own business and earns $50,000 in accounting profit the first year.When deciding to open her own business,she turned down three separate job offers with annual salaries of $30,000,$40,000,and $45,000.What is Jane's economic profit from running her own business?


A) $-55,000
B) $-5,000
C) $5,000
D) $20,000

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