Sally owns a ceiling fan company last year she sold 1300, Ask an Expert

Economics

Sally owns a ceiling fan company. Last year, she sold 1300 ceiling fans at $60 each, and each fan costs her $30. Before going into the ceiling fan business, she worked as a fan-dancer at $38,000 a year. She used her own money to buy the fans by withdrawing the money from her savings account where it was earning 4 percent annual interest. Calculate Sally’s economic profit and her accounting profit. Should Sally continue with her ceiling fan business? Explain.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91271791

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