Laura's Pizza Place incurs $800,000 per year in explicit costs and $100,000 in implicit costs.The restaurant earns $1.3 million in revenues and has $5 million in net worth.Based on this information, what is the economic profit for Laura's Pizza Place?
A) $200,000
B) $400,000
C) $500,000
D) $2.8 million
Correct Answer:
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