I need the answer as soon as possible The following is cost information for the Creamy Crisp Donut Company.Entrepreneur's potential earnings as a salaried worker $50,000Annual lease on building $22,000Annual revenue from operations $380,000Payments to workers $120,000Utilities (electricity, water, disposal) costs $8,0000Value of entrepreneur's talent in the next best entrepreneurial activity $80,000Entrepreneur's forgone interest on personal funds used to finance the business $6,000pls help me how to find explicit cost, implicit cost,normal profits, accounting profit and economicprofit.

explicit cost are those cost which is bear by producer when they use the external service or hire…

Answered: The following is cost information for…

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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