Lisette Is the Owner of a Bakery That Earns Zero

question 156

Multiple Choice

Lisette is the owner of a bakery that earns zero economic profit.Last year,her total revenue was $145,000,her rent was $12,000,her labor costs were $65,000,and her overhead expenses were $15,000.From this information,we know that her total explicit costs were

• A) $80,000.
• B) $92,000.
• C) $15,000.
• D) $77,000.
• E) $53,000.

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Definitions:

Premise

A premise or proposition that serves as the groundwork for a conclusion that is drawn from it.

Conclusion

The final part of something, particularly an argument or a logical reasoning process; the outcome that follows logically from premises.

DS

Could refer to multiple concepts depending on context; in computing, often shorthand for Directory Services.

Symbolize

To represent or stand for something else, especially an idea, by means of symbols or symbolism.