At the end of the first year your total revenues are 77250, Mathematics

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At the end of the first year your total revenues are 77250

Suppose, as in Problem 21-4, that you have now operated your consulting firm for a year. At the end of the first year, your total revenues are $77,250. Based on the information in Problem 21-4, what is the accounting profit, and what is your economic profit?

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Mathematics: At the end of the first year your total revenues are 77250

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