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Laura's Pizza Place incurs $800,000 per year in explicit costs and $100,000 in implicit costs.The restaurant earns $1.3 million in revenues and has $5 million in net worth.Based on this information,what is economic profit for Laura's Pizza Place?
Open Account
A form of payment in which an importer doesn’t pay for goods until after they have been received, creating an unfavorable balance of value for the exporter.
Less Favorable
Describes conditions or treatment that are comparatively disadvantageous or inferior to others.
Potential Risk
A possibility of harm, loss, or any negative occurrence that may or may not happen in the future.
Least Safe
The condition or status of having the highest potential for danger or risk among compared alternatives.
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