You have started your own bakery and you are the sole employee. Your total revenue was $100,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a $80,000 a year return. During the year your the costs needed to calculate economic profit were O a. 60,000 O b. 100,000 O c. 140,000 O d. 80,000

You have started your own bakery and you are the sole employee. Your total revenue was $100,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a $80,000 a year return. During the year your the costs needed to calculate economic profit were O a. 60,000 O b. 100,000 O c. 140,000 O d. 80,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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