Cecilia is a stockbroker who earned $150,000 in 2016. At the beginning of 2017, Cecilia wanted to pursue a new career so she quit her job and became a personal trainer. In her first year, she made total revenue of $75,000. The information at the right gives details of Cecilia's first year in the personal trainer business. What is Cecilia's economic profit? Cecilia's economic profit is $ >>> If Cecilia incurs an economic loss, indicate that loss with a minus sign. Do not use a plus sign to indicate an economic profit. Question Facts 1. Cecilia leased gym equipment for $5,000 and paid $500 for gym clothes and other supplies. 2. She withdrew $5,000 from her savings account that paid 3 percent a year. 3. Economic depreciation during the year was $1,000. 4. Normal profit is $10,000.

Cecilia is a stockbroker who earned $150,000 in 2016. At the beginning of 2017, Cecilia wanted to pursue a new career so she quit her job and became a personal trainer. In her first year, she made total revenue of $75,000. The information at the right gives details of Cecilia's first year in the personal trainer business. What is Cecilia's economic profit? Cecilia's economic profit is $ >>> If Cecilia incurs an economic loss, indicate that loss with a minus sign. Do not use a plus sign to indicate an economic profit. Question Facts 1. Cecilia leased gym equipment for $5,000 and paid $500 for gym clothes and other supplies. 2. She withdrew $5,000 from her savings account that paid 3 percent a year. 3. Economic depreciation during the year was $1,000. 4. Normal profit is $10,000.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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