Look at the Data Below then answer/calculate the totals in the
questions that follow. (Show Workings)
Entrepreneur's potential earnings as a salaried worker =
$50,000
Annual lease on building = $22,000
Annual revenue from operations = $380,000
Payments to workers = $120,000
Utilities (electricity, water, disposal) costs = $8,000
Entrepreneur's potential economic profit from the next best
entrepreneurial activity = $80,000
Entrepreneur's forgone interest on personal funds used to
finance the business = $6,000
Answer these questions directly:
a) Creamy...