Suppose a Local Hardware Store Has Explicit Costs of $2

question 164

Essay

Suppose a local hardware store has explicit costs of $2 million per year and implicit costs of
$44,000 per year.If the store earned an economic profit of $50,000 last year, this means that the store's accounting profit equaled:
A.$94,000.
B.$6,000.
C.$2,050,000.
D.$2,044,000.

---

Definitions:

Widows

Women who have lost their spouses by death and have not remarried.

Widowers

Men who have lost their spouse through death and have not remarried.

Stresses

Psychological and physical strains or tensions resulting from adverse or demanding circumstances.

Problems

Difficulties or obstacles that require solutions or need to be dealt with.