Suppose madison has used 45000 of her money to start a


Suppose madison has used 45,000 of her money to start a window washing company. Suppose that the money otherwise could have been invested elsewhere and earned as much as a 12 % annual rate of return. The window washing company's revenue as well as its various cost of production as shown below Revenue 18000, cost of labor, advertising and supplied - 3370. What is Madison’s economic profit?

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Microeconomics: Suppose madison has used 45000 of her money to start a
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