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Zach took $500,000 out of the bank and used it to start his new cookie business. The bank account pays 4% interest per year. During the first year of his business, Zach sold 12,000 boxes of cookies for $3 per box. Also, during the first year, the cookie business incurred costs that required outlays of money amounting to $14,000. Zach's accounting profit for the year was?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M951858

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