The table below shows the information on Ilham Bakery. Item Amount Revenue in operating the bakery shop RM 80 000 Income that could have been earned if working as an employee to others RM 7 000 Utility cost RM 1 200 Salary of workers RM 15 000 Cost of raw materials RM 20 000 What is the economic profit?

The table below shows the information on Ilham Bakery. Item Amount Revenue in operating the bakery shop RM 80 000 Income that could have been earned if working as an employee to others RM 7 000 Utility cost RM 1 200 Salary of workers RM 15 000 Cost of raw materials RM 20 000 What is the economic profit?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 3P

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