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
icon
Related questions
Question
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
Transcribed Image Text: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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Micro Economics For Today
Micro Economics For Today
Economics
ISBN:
9781337613064
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Survey Of Economics
Survey Of Economics
Economics
ISBN:
9781337111522
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning