You quit your job that pays $60,000 in order to open your own business. If your total revenue is $80,000, rent is $10,000, and supplies are $20,000, how much is your economic profit?

a). - $10,000
b).   $10,000
c).   $20,000
d) . $30,000

Answer rating: 100% (QA)

Answer Economic profit 20000 Solution Economic profit Total revenue Total cost Total rev... View the full answer