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estion 2 The following data gives the costs in running a store. Total revenues-$30,000, Labor cost- $10,000, rent- $5000, Electricity- $5000, cost of supplies- $7000,

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estion 2 The following data gives the costs in running a store. Total revenues-$30,000, Labor cost- $10,000, rent- $5000, Electricity- $5000, cost of supplies- $7000, Implicit cost of capital- $1000. Use the data to find: (1) A/c costs (2) A/c profit (3) Economic profit (4) Normal profit (5) The economic profit For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). > ifi > > Paragraph 10pt V U S Arial

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