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Mike Roe has a business with $58,000 revenue a year, while h

Paper help Economics Mike Roe has a business with $58,000 revenue a year, while h

Economics

Mike Roe has a business with $58,000 revenue a year, while h

Mike Roe has a business with $58,000 revenue a year, while his expenses run $31,000 a year. Mr. Roe… Show more Mike Roe has a business with $58,000 revenue a year, while his expenses run $31,000 a year. Mr. Roe gave up a job paying $18,000 and investments paying $6000 a year to pen this business. What is his accounting profit and what is his economic profit? • Show less

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