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 = $80,00O Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 %3D %3D %3D %3D %3D Creamy Crisp's explicit costs are
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 = $80,00O Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 %3D %3D %3D %3D %3D Creamy Crisp's explicit costs are
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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Creamy Crisp's explicit costs are
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