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Business man in the city of texas

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Reference no: EM131612016

Ken a well known business man in the city of Texas started a business in the year 2004 over the years Ken sold 50,000 commodities that was then valued at $100 per each commodity.He conducted an analysis and noticed that he incurred implicit cost of exactly $200,000 and explicit costs of $4,800,000 what were his total accounting profits?

Reference no: EM131612016

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