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Author Question: The table below provides the annual revenues and costs for a family-owned firm producing catered ... (Read 67 times)

hjfhdiskkjs

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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 salaries200 000
- risk-free return of 6% on owners' capital of 250 00015 000
- rent105 000
- depreciation of capital equipment25 000
- risk premium of 8% on owners' capital of 250 00020 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
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by hjfhdiskkjs on Oct 12, 2022

reason44

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Reply #1 on: Oct 12, 2022
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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hjfhdiskkjs

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

Joy Chen

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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