ECON 2106, Husain, Fall 201 A Server Not Found ?e https://pastate. A) $101,000.

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ECON 2106, Husain, Fall 201 A Server Not Found ?e https://pastate. A) $101,000. B) $72,000. C) $66,00o. D) $35,00o. ..Vt Random Section 17- acct econ profit Question 17 0/1 point Darrell is the owner of a furniture store. Last year, his total revenue was $525,000 and his total labor costs were $200,000. His overhead expenses including insurance and legal fees, weré $175,000. The rent on his building was $45.000. Darrell could earn $105,000 per year working at a nearby furniture distributor. From this information, we know that his economic profit was: A) $375,000. B) $525,d0o c) $0.00. D) $105,00o. Random Section 18-fix var cost cald Question 18 Type here to search 1/1 point 0

Explanation / Answer

Economic profit=Total revenue-Total cost

Where Total cost=Total explicit cost+Total implicit cost

Thus economic profit=525000-200000-175000-45000-105000=0

Ans is C

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