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During Its Only Year of Operation,a Firm Collected $175 000

question 40

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During its only year of operation,a firm collected $175 000 in revenue and spent $50 000 on raw materials,labour,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% annual rate of return) ,which they sold at the end of the year for $100 000.The firm's economic profit is:


Definitions:

Political Socialization

The process by which individuals learn and frequently adopt the political culture and values of their society.

Political Socialization

The process through which individuals acquire their political beliefs, values, and behaviors.

Authority on Politics

An expert or highly knowledgeable person in the field of political science or government affairs.

Political Values

Political values are the fundamental beliefs and principles that guide individuals and groups in their political behavior and decision-making, influencing their views on governance and policy.

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