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Entrepreneur's potential earnings as a salaried worker = $50,000 Annual lease on building = $22,000 Annual total revenue from operations = $380,000 Payments to workers

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Entrepreneur's potential earnings as a salaried worker = $50,000 Annual lease on building = $22,000 Annual total revenue from operations = $380,000 Payments to workers = $120,000 Utilities (electricity, water, disposal) costs = $8,000 Entrepreneur's potential economic profit from the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 Dessert Palace's implicit costs are: $156,000. $136,000. $150,000

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