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6 February, 12:38

Lauren is the owner of a bakery that earns 0 (zero) economic profit. last year, her total revenue was $145,000, her rent was $12,000, her labor costs were $65,000, and her overhead expenses were $15,000. from this information, we know that her total implicit costs were:

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  1. 6 February, 12:56
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    The total cost would be 237,000
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