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.