The Table Below Provides the Annual Revenues and Costs for a Family-

question 57

Multiple Choice

The table below provides the annual revenues and costs for a family- owned firm producing catered meals. $\begin{array}{|l|l|}\hline \text { Total Revenues }(\$) & 500000 \\\hline & \\\hline \text { Total Costs }(\$) & \\\hline \text { wages and salaries } & 200000 \\\hline \text { risk- free return of } 6 \% \text { on owners' capital of } 250000 & 15000 \\\hline \text { rent } & 105000 \\\hline \text { depreciation of capital equipment } & 25000 \\\hline \text {-risk premium of } 8 \% \text { on owners' capital of } 250000 & 20000 \\\hline \text { - intermediate inputs } & 150000 \\\hline \text { forgone wages of owners in alternative employment } & 80000 \\\hline \text { - interest on bank loan } & 10000 \\\hline\end{array}$ TABLE 7- 1
-Refer to Table 7- 1.The economic profits for this family- owned firm are

• A)$0.
• B)$10 000.
• C)$115 000.
• D)- $105 000.
• E)- $10 000.

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Definitions:

Sclera

The protective and structural white exterior of the eyeball.

Optic Nerve

The nerve that transmits visual information from the retina to the brain, playing a critical role in vision.

Lens

A transparent, flexible structure in the eye that focuses light onto the retina, allowing for clear vision.

Pupil

the circular opening in the center of the eye’s iris that regulates the amount of light reaching the retina.