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Business, 14.11.2019 06:31, jocelynfray16
Yael decides that she no longer enjoys herjob, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael's costs and profit are correct?
a. an accountant would say she is earning a monthly profit of $1,500.
b. her explicit costs include the labor, rent, and supplies for her store.
c. her implicit costs are $2,500 a month.
d. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month.
e. her economic profit is $1,500 a month.
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Answers: 1
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