Author Question: The table below provides the annual revenues and costs for a family-owned firm producing catered ... (Read 68 times)

hjfhdiskkjs · **on:** Oct 12, 2022

The table below provides the annual revenues and costs for a family-owned firm producing catered meals.

Total Revenues ($)	500 000

Total Costs ($)
- wages and salaries	200 000
- risk-free return of 6% on owners' capital of 250 000	15 000
- rent	105 000
- depreciation of capital equipment	25 000
- risk premium of 8% on owners' capital of 250 000	20 000
- intermediate inputs	150 000
- forgone wages of owners in alternative employment	80 000
- interest on bank loan	10 000

TABLE 7-1

Refer to Table 7-1. To an accountant, this family-owned catering company is earning ________. To an economist, the same firm is earning ________.
◦ economic profits; economic losses
◦ zero profit; economic losses
◦ zero profit; normal profits
◦ positive profits; economic losses
◦ economic profits; economic profits

reason44 · **Reply #1 on:** Oct 12, 2022

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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

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