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

question 51

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 economic profit for Laura's Pizza Place?

• A)$200,000
• B)$400,000
• C)$500,000
• D)$2.8 million

---

Definitions:

Behavioral Log

A recorded documentation of an individual's behaviors over a period of time, often used for analyses in psychological studies.

Weaned

The process of gradually introducing an infant or young animal to food other than its mother's milk, leading to a decreased dependence on maternal feeding.

Oral Stage

The first stage in Freud's psychosexual stages, occurring in the first 18 months of life, in which the mouth is the erogenous zone and weaning is the primary conflict.

Primitive Side

Primitive Side refers to the basic or instinctual part of human nature, often associated with innate drives, behaviors, or reactions that derive from our ancestral or evolutionary past.