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Question 39 Use the information below to complete the following question(s): The following is cost information for the Creamy Crisp Donut Company: Entrepreneur's potential earnings

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Question 39 Use the information below to complete the following question(s): The following is cost information for the Creamy Crisp Donut Company: Entrepreneur's potential earnings as a salaried worker in this business = $50,000 Annual lease on building = $22,000 Annual revenue from operations = $380,000 Payments to workers = $120,000 Utilities (electricity, water, disposal) costs = $8,000 Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 Refer to the above data. Creamy Crisp: O has lower implicit costs, including a normal profit, than its explicit costs. O is earning a normal profit but not an economic profit. O is earning an economic profit. O is suffering an economic loss, when implicit costs are considered. > A Moving to another question will save this response

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