The table below provides the annual revenues and costs for a family owned firm producing catered meals Total Revenues ($) 500,000 Total Costs ($) wages and salaries 200,000 risk free return of 6 on owners' capital of 250,000 15,000 rent 105,000 depreciation of capital equipment 25,000 risk premium of 8 on owners' capital of 250,000 20,000 intermediate inputs 150,000 forgone wages of owners in alternative employment 80,000 interest on bank loan 10,000 TABLE 2 Refer to Table 2 The explicit costs for this family owned firm are Refer to Table 2 The implicit costs for this family owned firm are Refer to Table 2 The accounting profits for this family owned firm are Refer to Table 2 The economic profits for this family owned firm are

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The table below provides the annual revenues and costs for a family owned firm producing catered meals  Total Revenues ($) 500,000 Total Costs ($)   wages and salaries 200,000   risk free return of 6  on owners' capital of 250,000 15,000   rent 105,000   depreciation of capital equipment 25,000   risk premium of 8  on owners' capital of 250,000 20,000   intermediate inputs 150,000   forgone wages of owners in alternative employment 80,000   interest on bank loan 10,000 TABLE 2 Refer to Table 2  The explicit costs for this family owned firm are   Refer to Table 2  The implicit costs for this family owned firm are   Refer to Table 2  The accounting profits for this family owned firm are Refer to Table 2  The economic profits for this family owned firm are

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The table below provides the annual revenues and costs for a family-owned firm producing catered meals. Total Revenues ($) 500,000 Total Costs ($) - wages

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