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Kieron is currently working as an automobile detailer who earns $45000 year He currently has living costs of $30000lyear Kieron has recently received a job offer interstate which offers

Kieron is currently working as an automobile detailer who earns $45,000/year. He currently has living costs of $30,000lyear. Kieron has recently received a job offer interstate which offers $50,000 per year, where he expects his living costs to be $33,000/year. Select the item from the list provided to make the following statements true 1. Accounting profit 2. -$2000/year 3. Total cost By choosing to stay in his current job, Kieron is making a an Kieron's economic profitloss by choosing to remain in his 4. Economic profit current job is 5. Economic loss 6. A normal profit 7. $12000lyear 8. $33000lyear 9. Explicit cost 10. $45000/year 11. $1900 12. Implicit cost Kieron's explicit cost if he chose to take the job offer interstate would be

Apr 21 2020 View more View Less

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