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Revenue, Cost, and Profit
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Problem 10
Revenue, Cost, and Profit
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10. The Costs of Production / Revenue, Cost, and Profit / Problem 10
Problem 10
A firm has total revenue of \$1,000,000 and explicit costs of \$750,000. What is the accounting profit?
A
\$1,750,000
B
\$1,000,000
C
\$250,000
D
\$750,000
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