Madelyn owns a small pottery factory

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Q. Madelyn owns a small pottery factory. She can make 1,000 pieces of pottery every year also sell them for $100 each. It costs Madelyn $20,000 for the raw materials to produce the 1,000 pieces of pottery. She has invested $100,000 in her factory also equipment: $50,000 from her savings also $50,000 borrowed at 10 percent (assume that she could have loaned her money out at 10 percent, too). Madelyn can work at a competing pottery factory for $40,000 every year. The economic profit at Madelyn's pottery factory is.

Reference no: EM1320244

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