Sydney is interested in starting a new business, but would have to give up a job with a total compensation of $100,000 per year. After researching the new business opportunity, Sydney developed the following estimates.
Annual Revenues: ................... $300,000
Wages and payroll taxes (not including Sydney’s): ...... $100,000
Benefits: ...................... $25,000
Supplies and materials costs: .............. $75,000
Rent: ........................ $60,000
What is Sydney's economic profit?