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George Owns a Gun Range in Texas

Question 33

Essay

George owns a gun range in Texas.He pays $32,000 per year in insurance, $408,000 in wages, and $23,000 in supplies.he forgoes $32,000 per year he could make as a police officer.His total revenue last year equaled $460,000.That means his economic ________ equaled _.
A.profit; $3,000
B.losses; $3,000
C.losses; $35,000
D.profit; $35,000

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