Suppose dana quits her job as a lawyer where she made 6500, Ask an Expert

Economics

Suppose Dana quits her job as a lawyer, where she made $6500 per month, to open an ice cream shop. Suppose that Dana has revenue of $20,000 per month. Her monthly explicit costs are shown below.

Is Dana earning an accounting profit? Is she earning an economic profit?

How much revenue would Dana need to make each month in order for her to earn a ‘normal profit’?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91704652

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