Suppose that Mighty Mike's Sandwich Shop was started in 1998 and 100 percent of the $250,000 needed to start up the company was raised by selling shares of stock. In 2000, the company distributed its entire profit of $15,000 to shareholders. If the market interest rate is 5 percent, what is the level of economic profit earned by the firm's stockholders?

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The Answer of Suppose that Mighty Mike's Sandwich Shop was started in 1998 and 100 percent of the $250,000 needed to start up the company was raised by selling shares of stock. In 2000, the company distributed its entire profit of $15,000 to shareholders. If the market interest rate is 5 percent, what is the level of economic profit earned by the firm's stockholders?

Suppose That Mighty Mike's Sandwich Shop Was Started in 1998