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Eastern Kentucky University - Corbin Campus - EKU CORBIN - SPRING | ||
Section 21003 | ||
 | Macroeconomics (Available Titles Aplia) (9th Edition) by Roger A. Arnold Paperback, 528 Pages, Published 2008 ISBN-10: 0-324-78550-X / 032478550X ISBN-13: 978-0-324-78550-0 / 9780324785500 Second, Bob's profit is $3: (1) Bob pays $5 to Harry, so the $5 is a cost to Bob; (2) Bob receives $8 for the oranges he sells to Jim; (3) $8 in revenue minus $5 in costs leaves Bob with $3 profit. Third, Jim's profit is $2: (1) Jim pays $8 to Bob for the oranges, so the $8 is a cost to Jim; (2) | |