Question 7 (2.5 points) Sue owns a baking company. The company's total revenue for a month...

Question

Question

Answer 1

Answer #1

Total Cost=2000

Implicit cost=1000

Total Revenue=4000

Economic Profit=Total Revenue-(Total Cost+implicit cost)

Economic Profit=4000-(2000+1000)

Economic profit=$1000

Answer-B

Answer 2

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