Help plzAri's explicit costs are….Ari's implicit costs are …Ari's economic profit in the first year is …..dollars.>>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign. Eva runs a hot dog cart at the sports stadium. Eva has no skills, no job experience, and no alternative employment.Entrepreneurs in the hot dog cart business earn $9,000 a year.Eva pays the rent of $1,500 a year, and her total revenue is $19,000 a year.She borrowed $900 at 15 percent a year to buy equipment.At the end of one year, Eva was offered $800 for her business and all its equipment.Eva's explicit costs are $Help me solve this Animation Get more help.#m5445011&1IO*80Clear all9Ch

explicit costs are the cost which are incurred by the producer in order to run the bussiness. In…

Answered: Eva runs a hot dog cart at the sports…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Help plz Ari's explicit costs are…. Ari's implicit costs are … Ari's economic profit in the first year is …..dollars. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign.

Eva runs a hot dog cart at the sports stadium. Eva has no skills, no job experience, and no alternative employment.
Entrepreneurs in the hot dog cart business earn $9,000 a year.
Eva pays the rent of $1,500 a year, and her total revenue is $19,000 a year.
She borrowed $900 at 15 percent a year to buy equipment.
At the end of one year, Eva was offered $800 for her business and all its equipment.
Eva's explicit costs are $
Help me solve this Animation Get more help.
#m
54
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1
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Clear all
9
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