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  • Kathryn Longstaff

    Lesson 8.7.1 Activity 3

    1. Whatcost would his accountant measure?
    2. Ifthese seeds will yield $400 worth of crops, does Richard earn an accounting profit?
    3. Doeshe earn an economic profit?
    4. Wouldyou advise Richard to continue as a farmer or switch to metal  working?
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