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The Table Below Provides the Total Revenues and Costs for a Small

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The table below provides the total revenues and costs for a small landscaping company in a recent year.  Total Revenues ($) 250000 Total Costs ($)  - wages and salaries 150000 risk- free return of 2% on owner’s capital of $20000400 - interest on bank loan 1500 cost of supplies 27000 depreciation of capital equipment 8000 additional wages the owner could have earned in next 30000 best alternative  risk premium of 4% on owner’s capital of $20000800\begin{array}{|l|l|}\hline \text { Total Revenues }(\$) & 250000 \\\hline & \\\hline \text { Total Costs }(\$) & \\\hline \text { - wages and salaries } & 150000 \\\hline \text { risk- free return of } 2 \% \text { on owner's capital of } \$ 20000 & 400 \\\hline \text { - interest on bank loan } & 1500 \\\hline \text { cost of supplies } & 27000 \\\hline \text { depreciation of capital equipment } & 8000 \\\hline \text { additional wages the owner could have earned in next } & 30000 \\\text { best alternative } & \\\hline \text { risk premium of } 4 \% \text { on owner's capital of } \$ 20000 & 800 \\\hline\end{array} TABLE 7- 2
-Refer to Table 7- 2.The economic profits for this firm are


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