Business, 28.11.2019 23:31 gorbyalexis

The lynx manufacturing company produces components used in electronic toys. in fiscal year 2017, lynx earned an accounting profit of $3 million. however, lynx's production facilities might have also been used to produce components for mobile phones, which would have generated $2 million in revenues and saved the company $500,000 in production costs. which of the following statements is true?
a) lynx earned an economic profit of $5.5 million. b) lynx earned an economic profit of $500,000.c) lynx suffered an economic loss of $500,000.d) lynx suffered an economic loss of $2.5 million.

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The lynx manufacturing company produces components used in electronic toys. in fiscal year 2017, lyn...

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