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Lisette is the owner of a bakery that earns zero economic profit. Last year, her total revenue was $145,000, her rent was $12,000, her labor costs were $65,000, and her overhead expenses were $25,000.
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10 votes
10 votes
Lisette is the owner of a bakery that earns zero economic profit. Last year, her total revenue was $145,000, her rent was $12,000, her labor costs were $65,000, and her overhead expenses were $25,000. From this information, we know that her explicit costs were ________.

a. $80,000
b. $92,000
c. $102,000
d. $77,000
e. $53,000

User Razem
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1 Answer

19 votes
19 votes
the answer is..

E. $53,000
User Anil Verma
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