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Business, 12.04.2020 05:03 dartsummersillp3ff0a

Theo’s Tree Trimming Service reported total revenue of $100,000 with explicit costs of $20,000. The opportunity cost of labor (an implicit cost) is $15,000. What is Theo’s economic profit?

Group of answer choices

$80,000

$65,000

$100,000

$85,000

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Answers: 3

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