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 = S22,000 Annual revenue from operations = $380,000 Payments to workers Utilities (electricity, water, disposal) costs = S8,000 Value of entrepreneur's talent in the next best entrepreneurial activity S80,000 Entrepreneur's forgone interest on personal funds used to finance the business = S6,000 %3D %3D S120,000 %3D Refer to the data. 1- What is the Creamy Crisp's explicit costs are? 2- What is the Creamy Crisp's accounting profit ? 3- What is the Creamy Crisp's economic profit? OES ALT+F10 (PC) or ALT+FN+F10 (Mac). 14px !!! !!!

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 = S22,000 Annual revenue from operations = $380,000 Payments to workers Utilities (electricity, water, disposal) costs = S8,000 Value of entrepreneur's talent in the next best entrepreneurial activity S80,000 Entrepreneur's forgone interest on personal funds used to finance the business = S6,000 %3D %3D S120,000 %3D Refer to the data. 1- What is the Creamy Crisp's explicit costs are? 2- What is the Creamy Crisp's accounting profit ? 3- What is the Creamy Crisp's economic profit? OES ALT+F10 (PC) or ALT+FN+F10 (Mac). 14px !!! !!!

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 14 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 = $22,000 Annual revenue from operations $380,000 Payments to workers = S120,000 Utilities (electricity, water, disposal) costs S8,000 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 = S6,000 Refer to the data. 1- What is the Creamy Crisp's explicit costs are? 2- What is the Creamy Crisp's accounting profit ?
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Dennis, a potato farmer, earns $400,000/month in revenue. His monthly cost include: administrative cost: $30,000, fertilizers: $50,000, equipment and maintenance: $35,000, Labor: $73,000, Transportation: $15,000, Miscellaneous: $10,000, Foregone rent for the land is $20,000, and the owner’s salary is $20,000. Dennis's economic profit is ______. Group of answer choices $147,000 $167,000 $187,000
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