Eva runs a hot dog cart at the sports stadium. Eva has no skills, no job experience, and no alternative employment. Entrepreneurs in the hot dog cart business earn $9,000 a year. Eva pays the rent of $1,500 a year, and her total revenue is $19,000 a year. She borrowed $900 at 15 percent a year to buy equipment. At the end of one year, Eva was offered $800 for her business and all its equipment. Eva's explicit costs are $ ***
Eva runs a hot dog cart at the sports stadium. Eva has no skills, no job experience, and no alternative employment. Entrepreneurs in the hot dog cart business earn $9,000 a year. Eva pays the rent of $1,500 a year, and her total revenue is $19,000 a year. She borrowed $900 at 15 percent a year to buy equipment. At the end of one year, Eva was offered $800 for her business and all its equipment. Eva's explicit costs are $ ***
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Help plz
Ari's explicit costs are….
Ari's implicit costs are …
Ari's economic profit in the first year is …..dollars.
>>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign.
![Eva runs a hot dog cart at the sports stadium. Eva has no skills, no job experience, and no alternative employment.
Entrepreneurs in the hot dog cart business earn $9,000 a year.
Eva pays the rent of $1,500 a year, and her total revenue is $19,000 a year.
She borrowed $900 at 15 percent a year to buy equipment.
At the end of one year, Eva was offered $800 for her business and all its equipment.
Eva's explicit costs are $
Help me solve this Animation Get more help.
#m
54
4
5
011
&
1
I
O
*
8
0
Clear all
9
Ch](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F94b0a831-3126-4fe8-b909-d3e835aeb25d%2F60e02f5b-0a73-4dfd-963e-352009a05f8d%2Fp2d6nx_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Eva runs a hot dog cart at the sports stadium. Eva has no skills, no job experience, and no alternative employment.
Entrepreneurs in the hot dog cart business earn $9,000 a year.
Eva pays the rent of $1,500 a year, and her total revenue is $19,000 a year.
She borrowed $900 at 15 percent a year to buy equipment.
At the end of one year, Eva was offered $800 for her business and all its equipment.
Eva's explicit costs are $
Help me solve this Animation Get more help.
#m
54
4
5
011
&
1
I
O
*
8
0
Clear all
9
Ch
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