Calculate economic profit and accounting from the figures given below for ABC company a) total revenue. $500,000 b) wages and salaries. $ 40,0000 c)forgone salary. $ 80,000 d) interest paid. $ 10,000 e) forgone rent. $10,000 f) raw materials. $ 50,000 g) other payments. $20,000 h) forgone interest. $ 7000

Calculate economic profit and accounting from the figures given below for ABC company a) total revenue. $500,000 b) wages and salaries. $ 40,0000 c)forgone salary. $ 80,000 d) interest paid. $ 10,000 e) forgone rent. $10,000 f) raw materials. $ 50,000 g) other payments. $20,000 h) forgone interest. $ 7000

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 7SQ

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