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Lisa quit her $28000-per-year job to start her own economics consulting firm. At the end of her first year of operation, her total revenues were $147000. Her total explicit costs were $28000. What was her economic profit for the year?

Respuesta :

thaovtp1407

Answer:

$91000

Step-by-step explanation:

Let summary:

- The total revenues were $147000

- Explicit costs were $28000

- Her $28000-per-year job is her opportunity cost

So to find out the economic profit for the year, we take The total revenues minus the Total economic costs ( Explicit costs + opportunity cost)

= $147000 -  $28000 - $28000 = $91000

Hope it will find you well.

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