ECONOMICS
PROFIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When Amiko industries makes 2000 widgets, the cost of producing a typical widget is $5, which includes implicit costs of $2.What is Amiko Industries’s economic profit or loss and accounting profit or loss if the price of widget is $4.
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economic profit =-$4000accounting profit = $4000
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economic profit = $4000accounting profit = $4000
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economic profit =-$2000accounting profit = $2000
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economic profit = $2000accounting profit = $2000
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Explanation:
There is 1 question to complete.