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Which of the items listed below would be subtracted from total revenue to calculate a firm's accounting profits?

I. Wages paid to employees
II. Raw material costs
III. Salary from job given up in order to run the firm
IV. Dividends paid to shareholders

A

I only

B

I and II

C

I, II and III

D

I, II, and IV

E

I, II, III and IV

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