2. Calculate accounting profit and economic profit for each of the following firms (amounts are in millions of dollars) Sales Wages and salaries cost of equity capital interest on debt cost of materials General Motors $50,091 29052 12100 7585 6500 Barclays Bank 5730 3932 750 275 556 Microsoft 2750 400 35 5 1650

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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2. Calculate accounting profit and economic profit for each of the following firms (amounts are in
millions of dollars)
Sales
Wages and salaries
cost of equity capital
interest on debt
cost of materials
General
Motors
$50,091
29052
12100
7585
6500
Barclays
Bank
5730
3932
750
275
556
Microsoft
2750
400
35
5
1650
Transcribed Image Text:2. Calculate accounting profit and economic profit for each of the following firms (amounts are in millions of dollars) Sales Wages and salaries cost of equity capital interest on debt cost of materials General Motors $50,091 29052 12100 7585 6500 Barclays Bank 5730 3932 750 275 556 Microsoft 2750 400 35 5 1650
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