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Bradley opens a sports equipment store. He finances this business from his personal savings that would have earned him $2,000 a year in interest if
Bradley opens a sports equipment store. He finances this business from his personal savings that would have earned him $2,000 a year in interest if he had not used this money to fund his business. In addition, Bradley quits his currentjob where he earned $88,000 a year in wages. In the first year of operation, Bradley's new store has total revenues of $98,000 and total operating costs of $25,000. 0 A. Bradley's store accounting profit cost is $73,000. O B. His total implicit costs are $90,000. 0 C. His economic profit is $17,000. 0 DAN of the above
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