The table below provides the total revenues and costs for a small landscaping company in a recent year. Total Revenues ($) 200,000 Total Costs ($) - wages and salaries - risk-free return of 2% on owner's capital of $10,000 - interest on bank loan - cost of supplies - depreciation of capital equipment - additional wages the owner could have earned in next best alternative - risk premium of 4% on owner's capital of $10,000 The economic profits for this firm are O A. $16,400. B. $ -9,000. OC. $-9,200. D. $15,800. OE. $-8,800. 150,000 200 1,200 25,000 7,400 25,000 400 ...

The table below provides the total revenues and costs for a small landscaping company in a recent year. Total Revenues ($) 200,000 Total Costs ($) - wages and salaries - risk-free return of 2% on owner's capital of $10,000 - interest on bank loan - cost of supplies - depreciation of capital equipment - additional wages the owner could have earned in next best alternative - risk premium of 4% on owner's capital of $10,000 The economic profits for this firm are O A. $16,400. B. $ -9,000. OC. $-9,200. D. $15,800. OE. $-8,800. 150,000 200 1,200 25,000 7,400 25,000 400 ...

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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