Answer:
-$10,000 ; is
Explanation:
The computation is shown below:
The economic profit is
= Revenues produced - labor, wages, materials, rent, and other explicit costs incurred - giving amount
= $150,000 - $120,000 - $40,000
= -$10,000
Now the normal profit is
= Total revenues produced - Total cost incurred
= $150,000 - $120,000
= $30,000
So, the economic profit is -$10,00 and he is earning a normal profit
Number 1 is B
number 2 is C
The answer to this question is <span>collaborative consumption
</span><span>collaborative consumption in this context refers to sharing the resource that you currently not using so other members of your social groups could use their resources without giving as big as sacrifice.
</span>This system has gained popularity in recent years due to the resource-abundant that happened in large cities
According to the menu cost the firms would be slow to changing prices because .the cost of changing the price might exceed the additional profit the price change would generate.
<h3>What is the menu cost theory?</h3>
This is the theory in the field of economics that helps to ensure the reflection of the effect of the change in price to an establishment.
According to this theory, the the cost of changing the price might exceed the additional profit the price change would generate.
Read more on the menu cost theory here:
brainly.com/question/4953989
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use this to explain to you rational economic decision