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How much economic profit is elijah earning

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Reference no: EM131642919

Question: Use the following graph for Elijah's Burgers to answer the questions:

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a. If Elijah produces at the profit-maximizing level of output, how much is his total revenue? How much is his total cost? Briefly explain your calculations.

b. How much economic profit is Elijah earning? Briefly explain your calculation.

Reference no: EM131642919

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