Table Cost.1.2: Amount Interest Rate Loan #1 = $40,000 2.50% Loan #2 = $45,000 4.00% Owner's Last Job Wage = $40,000 Labor = $10,000 Ingredients = $50,000 %3D Rents = $1,500 Total Revenue = $180,000 According to information in Table Cost.1.2 where loans are used for establishing the firm, accounting and economic profits are and respectively. $29,700; minus $9,300 O $30,700; minus $9,300

Table Cost.1.2: Amount Interest Rate Loan #1 = $40,000 2.50% Loan #2 = $45,000 4.00% Owner's Last Job Wage = $40,000 Labor = $10,000 Ingredients = $50,000 %3D Rents = $1,500 Total Revenue = $180,000 According to information in Table Cost.1.2 where loans are used for establishing the firm, accounting and economic profits are and respectively. $29,700; minus $9,300 O $30,700; minus $9,300

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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