Kindly answer... 7. The following is cost information for the Creamy Crisp Donut Company.Entrepreneur's potential earnings as a salaried worker - $50,000 Annual lease on building -$22,000Annual revenue from operations = $380,000 Payments to workers $120,000Utilities (electricity, water, disposal) costs = $8,000Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000Entrepreneur's forgone interest on personal funds used to finance the business - $6,000Creamy CrispA. has lower implicit costs, including a normal profit, than its explicit costs.B. is earning a normal profit but not an economic profit.C. is earning an economic profit.D. is suffering an economic loss, when implicit costs are considered.

An economic profit is the difference between the revenue a commercial entity has received from its…

Entrepreneur's forgone interest on personal funds used to finance the Creamy Crisp A. has lower implicit costs, including a normal profit, than its explicit costs. B. is earning a normal profit but not an economic profit. C. is caring an economic profit. Dis sufferne an economic loss, when implicit costs are considered.

Entrepreneur's forgone interest on personal funds used to finance the Creamy Crisp A. has lower implicit costs, including a normal profit, than its explicit costs. B. is earning a normal profit but not an economic profit. C. is caring an economic profit. Dis sufferne an economic loss, when implicit costs are considered.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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