Chapter 9 Videos: ECON& X Class 22nd Edition Microe X Economic Costs X Topic: Discussion #3 X New Tab X + V X C shoreline.instructure.com/courses/2324922/discussion_topics/15930359?module_item_id=71269412 G . . . Shoreline Winter 2023 She gave up her yearly $50,000 salary to open her own restaurant last year. NP COMMUNITY COLLEGE She withdrew $40,000 of her own savings that had been earning $1,500 in interest per year. Home 3. Sue values her entrepreneurial skill at $12,000 annually to run a similar type if business if she had not Syllabus elected to open her own restaurant. 4. She borrowed $50,000 from the bank at a rate of 5% per year. Account Announcements 5 . The restaurant space she was leasing had no separate office. She converted her basement apartment into Modules office space. She had previously rented the apartment to a student for $200/month totaling $2,400 per year. Dashboard McGraw-Hill The table summarizes his operations for the past year. Connect Courses Total sales revenue $550,000 Honorlock Employee wages $100,000 Panopto Recordings Calendar Materials $320,000 Grades 25 Inbox Ray Howard Library Interest on loan $2,500 Check Shoreline E- Utilities $8,000 History Mail Rent $20,000 Shoreline Early Alert Total explicit costs $450,500 Search 6. What is Sue's accounting profit? ? 7. Find Sue's total implicit costs. Help 8. What was Sue's economic profit last year? Type here to search 43OF Clear ~ 0 ( () ENG 9:19 PM 2/15/2023