Examlex

Solved

Laura's Pizza Place Incurs $800,000 Per Year in Explicit Costs

question 28

Multiple Choice

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 the economic profit for Laura's Pizza Place?


Definitions:

Related Questions