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Business, 06.08.2019 05:10 anggar20

Tom quit his $65,000 a year corporate lawyer job to open up his own law practice. in tom's first year in business his total revenue equaled $150,000. tom's explicit cost during the year totaled $85,000. what is tom’s economic profit for his first year in business?
a) $0
b) $85, 000
c) $20, 000
d) $65, 000

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