lectur24-page8

lectur24-page8 - E(total var. costs) = $130,000 E(total...

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1. Current operations: Total sunk costs = $15,000 E(variable costs) = $80,000 for variable inputs $25,000 oppty. cost of owned land $ 5,000 oppty. cost of owned capital
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Unformatted text preview: E(total var. costs) = $130,000 E(total costs) = $145,000 E(total revenue) = $150,000 E(total costs) = $145,000 E(total net revenue) = $ 5,000 (ECONOMIC PROFIT)...
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