A real estate development company

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Reference no: EM131046661

A real estate development company is considering building a new office building in downtown. Above 20,000 square feet, the company's managers believe they can generate approximately $600,000 in additional lease payments for every additional 1,000 square feet built. This $600,000 represents
a. Long-run economic profit
b. Long-run marginal revenue
c. Long-run marginal cost
d. Long-run average additional revenue

Reference no: EM131046661

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