Given the information that follows,how much are (a)accounting profits and (b)economic profits? Sales,$750,000;explicit costs,$450,000;return you could have earned by investing your money elsewhere,$50,000;wages that you and your family members could have earned doing the same work for another firm,$70,000.

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The Answer of Given the information that follows,how much are (a)accounting profits and (b)economic profits? Sales,$750,000;explicit costs,$450,000;return you could have earned by investing your money elsewhere,$50,000;wages that you and your family members could have earned doing the same work for another firm,$70,000.

Given the Information That Follows,how Much Are (A)accounting Profits and (B)economic