A firm had sales revenue of $ 1million last year.It spent $600, 000 onlabor,$150,000 on capital and $200,000on materials. What was the firm’s accounting profit?
A firm had sales revenue of $ 1million last year.It spent $600, 000 onlabor,$150,000 on capital and $200,000on materials. What was the firm’s accounting profit?
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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A firm had sales revenue of $ 1million last year.It spent $600, 000 onlabor,$150,000 on capital and $200,000on materials. What was the firm’s accounting profit?
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