A small business owner earns $50,000 in revenue annually. The explicit annual costs equal $30,000. The owner could work for someone else and earn $25,000 annually. The owner's business profit is and the economic profit is . A. $20,000, $5,000 B. $45,000, -$5,000 C. $25,000, -$5,000 D. $20,000, -$5,000
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A small business owner earns $50,000 in revenue annually. The explicit annual costs equal $30,000. T...
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