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Economics, Hw1, Mid Term, Final Paper Essay Preview: Economics, Hw1, Mid Term, Final Paper Report this essay Do Problem 3-5 on page 38 (“Evaluating Performance” ANSWER: Accounting Profit: 1 million minus (900K + 40K) = 60 K Economic Profit: 1 mill minus (940K + 70K+6K) = – 16K A very successful ad for V-8 vegetable.