Given the information that follows,how much are (a)accounting profits? (b)economic profits? Sales: $2 million;explicit costs: $1 million;wages you and your family members could have earned doing the same work for another firm: $150,000;return you could have earned by investing your money elsewhere: $100,000

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The Answer of Given the information that follows,how much are (a)accounting profits? (b)economic profits? Sales: $2 million;explicit costs: $1 million;wages you and your family members could have earned doing the same work for another firm: $150,000;return you could have earned by investing your money elsewhere: $100,000

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