The following is cost information for the Creamy Crisp Donut Company. Entrepreneur's potential earnings as a salaried
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Question:
The following is cost information for the Creamy Crisp Donut Company.
Entrepreneur's potential earnings as a salaried worker = $48,000
Annual lease on building = $20,000
Annual revenue from operations = $280,000
Payments to workers = $118,000
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
Creamy Crisp's total economic costs are
- $280,000.
- $146,000.
- $0.
- $152,000.
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