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Business, 10.10.2019 00:30 alexwlodko

Creamy crisps worksheet student:   the following is cost information for the creamy crisp donut company: 
entrepreneur's potential earnings as a salaried worker = $50,000
annual lease on building = $22,000
annual revenue from operations = $380,000
payments to workers = $120,000
utilities (electricity, water, disposal) costs = $8,000
value of entrepreneur's talent in the next best entrepreneurial activity = $80,000
entrepreneur's forgone interest on personal funds used to finance the business = $6,000   1.  refer to the above data. creamy crisp's explicit costs are:   
  2.  refer to the above data. creamy crisp's implicit costs, including a normal profit, are:   
  3.  refer to the above data. creamy crisp's total economic costs are:   
  4.  refer to the above data. creamy crisp's accounting profit is:   
  5.  refer to the above data. creamy crisp's economic profit is:   
  6.  refer to the above data. creamy crisp's total revenues exceed its total costs, including a normal profit, by:   
  7.  refer to the above data. if, other things equal, creamy crisp's revenue fell to $286,000, how would this affect its profit?

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