Use the following information for this question: Price = $10.00 per unit Quantity sold = 45,000 Accounting costs (explicit costs; expenses) = $300,000 Opportunity costs (implicit costs) = $75,000   Given the above information, how much is accounting profit for this business? ______________________ Group of answer choices $300,000 None of the above $45,000 $75,000 $150,000

Managerial Economics: A Problem Solving Approach
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Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
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Use the following information for this question:

  • Price = $10.00 per unit
  • Quantity sold = 45,000
  • Accounting costs (explicit costs; expenses) = $300,000
  • Opportunity costs (implicit costs) = $75,000

 

Given the above information, how much is accounting profit for this business? ______________________

Group of answer choices
$300,000
None of the above
$45,000
$75,000
$150,000
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