Xavier opens up a lemonade stand for two hours. He spends $10 for ingredients and sells $60 worth of lemonade. In the same two hours, he could have mowed his neighbor's lawn for $40. Xavier has an accounting profit of _____ and an economic profit of ____.
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Answer:
a) $50, $10
b) $90, $50
c) $10, $50
d) $50, $90
Explanation:
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