Reggie owns and operates a cheese shop in the village of Somerset. While Reggie has a degree in mechanical engineering and could easily go to work for his brother\'s company earning $76,000 a year, his true passion is for cheese. Below is a list of Reggie\'s expenses from 2010. Please use the information provided to answer the questions that follow. Revenue from 2010= $90,00 Rent= $18,000 Equipment= $6,000 supplies= $3000 What is Reggie\'s accounting profit? What is Reggie\'s economic profit?
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Reggie owns and operates a cheese shop in the village of Somerset. While Reggie has a degree in mech...
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