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Suppose a family-owned yogurt shop has $80,000 in total revenues, $36,000 in rent, and $20,000 in additional operating costs. The husband and wife work in the shop and pay no wages to themselves or others. The economic profits from the shop are:A. less than $24,000B. $24,000C. more than $24,000D. $80,000

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Answer:

A. Less than $24,000.

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