Jane quit her job at IBM where she earned $380,000 a year She cashed in$150,000 in corporate
Question:
Jane quit her job at IBM where she earned $380,000 a year She cashed in$150,000 in corporate bonds that earned 10 interest annually to hug, I a minibus Jane has decided to hugr the minibus and set up a commuter service between Kansas City to St Louis There are 1,500 people who will pay $500 a year each for the eomntuter service $300 from each person goes for gas, maintenance, insurance, depreciation, etc. (show your work or no credit a (6 points2 points each Complete the following questions
1. What are Janes total revenues
2. What are Janes explicit costs
3. What is her accounting prot
4. List two important implicit costs that are not included while calculating the amounting prot
What is the total implicit cost
What is Janes pure economic prot (loss)
Expert Answer:
1 Janes total revenues are 7500 2 Janes explicit costs are 4500 3 Janes accounting prot is 3000 4 Th... View the full answer
