Course dashboardSoru 12SCENARIO 1: You are the owner and the only employee of a company that writes computersoftware that is used by gamblers to collect sports data. Last year you earned a total revenueHenüzcevaplanmadıof $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business4 üzerindenyou invested an amount of your own capital that could pay you a return of $40,000 a yearişaretlenmişRefer to Scenario 1. Your economic profit last year wasP Soruyu işaretleLütfen birini seçin:O A. - $ 10000O B. $ 30000O C -$ 30000O D.-$ 40000O E$10000SONRAKİ SAYFAÖNCEKİ SAYFA

Economic profit = Total revenue - Implicit costs - Explicit costs.

SCENARIO 1: You are the owner and the only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue of $90,000. 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 return of $40,000 a year Refer to Scenario 1. Your economic profit last year was Lütfen birini seçin: O A.-$ 10000 O B.$ 30000 OC -$ 30000 O D. - $ 40000 O E$ 10000

SCENARIO 1: You are the owner and the only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue of $90,000. 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 return of $40,000 a year Refer to Scenario 1. Your economic profit last year was Lütfen birini seçin: O A.-$ 10000 O B.$ 30000 OC -$ 30000 O D. - $ 40000 O E$ 10000

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section12.1: What Are Costs?

Problem 1QQ

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