The following is cost information for the Creamy Crisp Donut Company. Entrepreneur's potential earnings as a salaried worker= $48,000 Annual lease on building = $20,000 Annual revenue from operations $280,000 Payments to workers $118,000 Utilities (electricity, water, disposal) costs = $8,000 Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 20 eBook Creamy Crisp's economic profit is Multiple Choice 00008
The following is cost information for the Creamy Crisp Donut Company. Entrepreneur's potential earnings as a salaried worker= $48,000 Annual lease on building = $20,000 Annual revenue from operations $280,000 Payments to workers $118,000 Utilities (electricity, water, disposal) costs = $8,000 Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 20 eBook Creamy Crisp's economic profit is Multiple Choice 00008
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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