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September 5, 2015

Homework Help: managerial economics

Posted by jean on Saturday, February 23, 2008 at 11:08pm.

The MidNight Hour, LOCl nightclub, earned $100,000 in accounting profit last year. this year the owner, who had invested $1 million in the club, decided to close the club. What can you say about economic profit (and the rate of return) in the nightclub business?

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