Connect with knowledgeable experts and enthusiasts on IDNLearn.com. Find the solutions you need quickly and accurately with help from our knowledgeable community.

You are running a business producing faux leather wallets. Your current accounting costs are $2 million. Your current revenue is $2. 5 million. If you were to switch to making faux leather belts, you estimate that your accounting profit would be $1 million. What is your current economic profit, in millions?.