The table below gives information on the total revenue earned and the various costs incurred by Jupiter Apparel Inc. The firm's taxable income is determined on the basis of: Table 7.1. Total Revenue Raw Material and Machinery Employees' Salaries Owners Forgone Salary Forgone Interest on Savings Forgone Rent on Office Premises a. an economic profit of $300,000. b. an economic profit of $700,000. $700,000 $200,000 $300,000 $50,000 $7,500 $25,000 c. an accounting profit of $500,000. d. an accounting profit of $200,000. The table below gives information on the total revenue earned and the various costs incurred by Jupiter Apparel Inc. The firm's normal profit equals Table 7.1. Total Revenue $700,000 Raw Material and Machinery $200,000 Employees' Salaries $300,000 Owners Forgone Salary $50,000 Forgone Interest on Savings $7,500 $25,000 a. $200,000 Forgone Rent on Office Premises b. $117,500 c. $82,500 d. $0 The table below gives information on the total revenue earned and the various costs incurred by Jupiter Apparel Inc. From the given information, it can be inferred that the firm: Table 7.1. Total Revenue $700,000 Raw Material and Machinery $200,000 Employees' Salaries $300,000 Owners Forgone Salary $50,000 Forgone Interest on Savings $7,500 Forgone Rent on Office Premises $25,000 Oa, faces an economic loss of $200,000. Ob. earns an economic profit of $117,500. c. earns an economic profit of $82,500. d. faces an economic loss of $75,500. The table below gives information on the total revenue earned and the various costs incurred by Jupiter Apparel Inc. Which of the following is a possible effect of a decrease in the firm's total revenue to $520,000? Table 7.1. Total Revenue Raw Material and Machinery Employees' Salaries Owners Forgone Salary Forgone Interest on Savings Forgone Rent on Office Premises a. The owner of the firm earns an accounting profit of $500,000. b. The owner of the firm incurs an economic loss. c. The owner of the firm earns a normal profit of $200,000. d. The owner of the firm incurs an economic profit. $700,000 $200,000 $300,000 $50,000 $7,500 $25,000