Given the Information That Follows,how Much Are (A)accounting Profits and (B)economic

question 114

Essay

Given the information that follows,how much are (a)accounting profits and (b)economic profits? Sales,$750,000;explicit costs,$450,000;return you could have earned by investing your money elsewhere,$50,000;wages that you and your family members could have earned doing the same work for another firm,$70,000.

---

Definitions:

Quiet

Marked by little or no sound, reflecting a state of calmness, stillness, or the absence of disturbance.

Less Cautious

Characterized by a diminished level of carefulness, vigilance, or prudence, potentially leading to increased risk-taking behavior.

Bigger

Describes something of larger size, volume, or extent than others of its kind.

Aggressive-rejected

Describes individuals, often children or adolescents, who are frequently excluded or marginalized by their peers due to hostile or aggressive behavior.