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The table below provides the annual revenues and costs for a family-owned firm producing catered ...

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The table below provides the annual revenues and costs for a family-owned firm producing catered ...

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 7-1
Refer to Table 7-1. The accounting profits for this family-owned firm are

▸ $500 000.

▸ -$15 000.

▸ $0.

▸ $10 000.

▸ $30 000.

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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