The following is cost information for the Creamy Crisp Donut Company: Entrepreneur's potential earnings as a salaried worker = $55,000 Annual lease on building = $23,500 Annual revenue from operations = $380,200 Payments to workers = $120,000 Utilities (electricity, water, disposal) costs = $8,000 Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business = $6,000

 

20). Refer to the above data. Creamy Crisp's normal profit is?

Answer rating: 100% (QA)

Normal profit also known as economic profit is the difference between total revenue and total opport... View the full answer