Suppose a local hardware store has explicit costs of $2 million per year and implicit costs of $44,000 per year. If the store ea

Question

3 years ago

7

Suppose a local hardware store has explicit costs of $2 million per year and implicit costs of $44,000 per year. If the store ea

rned an economic profit of $50,000 last year, this means that the store's accounting profit equaled: a $6,000. b $56,000. c $94,000. d $2,044,000. e $2,050,000.

Business

1 answer:

Korolek [52] · Answer 1 · 2022-02-11T18:02:32+03:00

Korolek [52]3 years ago

7 0

Answer: $94,000

Explanation: