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aalyn [17]
3 years ago
9

A business owner makes 1000 items a day. Each day she spends 8 hours producing those items. If hired, elsewhere she could have e

arned $250 an hour. The item sells for $15 each. Production occurs seven days a week. If the explicit costs total $150,000 per month, what is her economic profit
Business
1 answer:
lyudmila [28]3 years ago
5 0

Answer:

Economic profit= $214,000

Explanation:

Giving the following information:

Business:

Units= 28,000 a month

Hours= 224 hours

Total cost= 150,000 a month

Selling price per unit= $15

Other work:

Income= $250 an hour

E<u>conomic profit includes the opportunity cost.</u>

Economic profit= 28,000*15 - 150,000 - 250*224

Economic profit= $214,000

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