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April 21, 2015

Homework Help: Managerial Economics

Posted by Dawn on Tuesday, June 3, 2008 at 11:28pm.

The Midnight hour a local nightclub earned $100,000 in accounting profit last year. This year the owner, who had invested $1million 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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