36. A company compiles the following information:
Total revenue $300,000
Value of buildings and machinery
- At the beginning of the year $300,000
- At the end of the year $280,000
Cost of raw materials $100,000
Wages paid during the year $ 50,000
Normal profit for the year $ 40,000
The company’s economic profit is closest to:
A. $90,000.
B. $110,000.
C. $130,000.
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