I want quickly Mr. Sweet opened a candy store. He rented a building for $30,000 a year. During the first year of operation, Sweet paid $40,000 to hisemployees, $10,000 for utilities, and $20,000 for goods he bought from other firms. His total revenue was $135,000. Sweet's bestalternative to running this candy store is to work for Wal-Mart as a sales associate for $15,000 a year. What is Sweet's economicprofit?Select one:O a. $20,000O b. -$20,000Oc zeroO d. $35,000

Economic profit=Revenue-(explicit+implicit cost) =1,35,000-(30,000+40,000+10,000+20,000)+(15,000)…

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Economics

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

I want quickly

Mr. Sweet opened a candy store. He rented a building for $30,000 a year. During the first year of operation, Sweet paid $40,000 to his
employees, $10,000 for utilities, and $20,000 for goods he bought from other firms. His total revenue was $135,000. Sweet's best
alternative to running this candy store is to work for Wal-Mart as a sales associate for $15,000 a year. What is Sweet's economic
profit?
Select one:
O a. $20,000
O b. -$20,000
Oc zero
O d. $35,000

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