Jeremy has a box of 500 nails that weighs 1.35 kilograms. He uses 60 nails to build a birdhouse. How much do the nails in the bi
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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.