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Bian was working as a crane operator, and she earned an annual income of $150,000. She had savings of $400,000 in the bank, which was

Bian was working as a crane operator, and she earned an annual income of $150,000.

She had savings of $400,000 in the bank, which was earning 2% interest per year.

Then she decided to quit and start her own gardening store business.

She uses her $400,000 savings to purchase a bus for transporting her clients.

The values for her first year with her new business are:

Revenue

210,000

Wages for employees

89,000

Insurance

1500

Equipment and supplies

25,000

Delivery vehicle maintenance

and gas

5900

Calculate Bian's implicit costs.

Answer:

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