What is the firm-s economic profit


During its only year of operation, a firm collected $175,000 in revenue and spent $50,000 on raw materials, labor, and utilities. The owners of the firm spent $100,000 of their own money to build the firm's factory (instead of buying bonds and earning a 10% rate of return), which they sold at the end of the year for $100,000. What is the firm's economic profit?

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Microeconomics: What is the firm-s economic profit
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