A young Thomas Edison produces and sells 20 light bulbs a week in his dorm room. The parts for…

A young Thomas Edison produces and sells 20 light bulbs a week in his dorm room. The parts for…

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A young Thomas Edison produces and sells 20 light bulbs a
week in his dorm room. The parts for each light bulb cost
$2.00. He sells each light bulb for $5.00. General Electric offers
Thomas an executive job that pays $50.00 a week. Thomas’s
weekly economic profit from making light bulbs is equal to:

Expert Answer:

Answer rating: 100% (QA)

To calculate Thomas s weekly economic profit from making light bulbs we need to subtract his total
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