Samantha has been working for a law firm and earning an annual salary of $80,000. She decides to open her own practice. Her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. Samantha will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500. 1.Refer to above Scenario. Samantha's annual explicit costs will equal $55,200. $75,200. $80,500. $165,700. a. b. с. d. Answer: 2. Refer to above Scenario. Samantha's annual explicit costs will equal $55,200. $75,200. $80,500. $165,700. a. b. C. d. Answer: 3. Refer to above Scenario. Samantha's annual implicit costs will equal a. $55,200. $75,200. $80,500. $165,700. b. C. d. Answer: 4. Refer to above Scenario. Samantha's annual economic costs will equal $55,200. b. a. $75,200. S80,500. d. C. $135,700. Answer:

Samantha has been working for a law firm and earning an annual salary of $80,000. She decides to open her own practice. Her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. Samantha will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500. 1.Refer to above Scenario. Samantha's annual explicit costs will equal $55,200. $75,200. $80,500. $165,700. a. b. с. d. Answer: 2. Refer to above Scenario. Samantha's annual explicit costs will equal $55,200. $75,200. $80,500. $165,700. a. b. C. d. Answer: 3. Refer to above Scenario. Samantha's annual implicit costs will equal a. $55,200. $75,200. $80,500. $165,700. b. C. d. Answer: 4. Refer to above Scenario. Samantha's annual economic costs will equal $55,200. b. a. $75,200. S80,500. d. C. $135,700. Answer:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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