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April 16, 2014

Homework Help: economics

Posted by Wilbert on Saturday, March 3, 2012 at 4:55pm.

The MidNight Hour, a local 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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