Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Get quick and reliable solutions to your questions from a community of experienced professionals on our platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
Sagot :
Answer:
$4500
Explanation:
The Economic profit is the difference between the total revenue and the explicit and implicit cost.
Hence,
Economic profit = (Total revenue - explicit cost - implicit cost)
Explicit cost =$13500
Total revenue = $18,000
Since, implicit cost isn't given, implicit cost will be taken as zero
Hence,
Economic profit = ($18,000 - $13,500)
Economic profit = $4,500
Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.