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Question
Lisette is the owner of a bakery that earns zero economic profit. 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. From this information, we know that her total explicit costs were
a. $80,000.
b. $92,000.
c. $15,000.
d. $77,000.
e. $53,000.
Answer
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Related questions
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