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Question
Hannah is the owner of a party store. Last year, her total revenue was $145,000, her rent was $12,000, her labor costs were $65,000, and her overhead expenses were $15,000. If she could earn $53,000 working for another party store nearby, we know that her economic profit was
a. $145,000.
b. $53,000.
c. $12,000.
d. $0.00.
e. $15,000.
Answer
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