Table Cost.1.2:Loan #1 -Loan #2 -InterestRates$25,000 2.00%$40,000 2.50%Owner's Last Job Wage- $36.000Labor-$8,000$40,000$5,000$200,000O No answer text provided.ONo answer text provided.AmountIngredientsRents-Total Revenue -According to information in Table Cost 1.2, accounting profits is aboutO $80,500O $81.500

Total revenue is the product of price and quantity. Monetary expenses are the explicit cost.…

Table Cost 1.2: Loan #1 - Loan #2 - Interest Rates $25,000 2.00% $40,000 2.50% O No answer text provided. O No answer text provided. O $80.500 O $81.500 Amount Owner's Last Job Wage - $36.000 Labor $8,000 Ingredients Rents- Total Revenue According to information in Table Cost 1.2, accounting profits is about $40,000 $5,000 $200,000

Table Cost 1.2: Loan #1 - Loan #2 - Interest Rates $25,000 2.00% $40,000 2.50% O No answer text provided. O No answer text provided. O $80.500 O $81.500 Amount Owner's Last Job Wage - $36.000 Labor $8,000 Ingredients Rents- Total Revenue According to information in Table Cost 1.2, accounting profits is about $40,000 $5,000 $200,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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