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Economics

William, a journeyman carpenter with an associate's degree in civil engineering, had been making $35,750 per year as a carpenter for a building contractor. As a self-employed subcontractor, William incurred explicit costs of $255,000 per year.

What is William's economic cost?

His economic cost is $___per year. (round your answer to the nearest penny)

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92634091

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