The table below shows the information on Ilham Bakery. Item Amount Revenue in operating the bakery shop RM 80 000 Income that could have been earned if working as an employee to others RM 7 000 Utility cost RM 1 200 Salary of workers RM 15 000 Cost of raw materials RM 20 000 What is the economic profit?

The table below shows the information on Ilham Bakery. Item Amount Revenue in operating the bakery shop RM 80 000 Income that could have been earned if working as an employee to others RM 7 000 Utility cost RM 1 200 Salary of workers RM 15 000 Cost of raw materials RM 20 000 What is the economic profit?

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: The Cost Of Production

Section: Chapter Questions

Problem 1CQQ

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