Answer:
-$11,000 is the economic profit or we can say it is a loss.
Step-by-step explanation:
The job paid Bob = $100000
The insurance cost is = $8,000
The material cost is = $15,000
The lease payments are = $8,000
The sales revenue is $120,000.
So, Bob's economic profit is:
Therefore, his economic profit is -$11000.
A
$23.87
should be around there
5. 4
6. 2
8. 3
10.3
|6-10| = |-4| = 4
(6+3)/3 = 3
36%
x = 600, so you need to find 6% of 600, which is 36%
:)