contestada

Jada left a job that paid $40,000 per year. At the end of her first year in business, her revenues summed to $90,000, and her explicit costs were $50,000. Also, in order to fund her business startup, Jada cashed in a $20,000 certificate of deposit that was providing an annual yield of 5%. Ceteris paribus, Jada's economic profit is

Respuesta :

abiolataiwo2015

If Jada left a job that paid $40,000 per year. Jada's economic profit is -$1,000.

Economic profit

Using this formula

Economic profit=Total revenue -(Explicit costs + implicit costs)

Let plug in the formula

Economic profit=$90,000-[$50,000+$40,000+($20,000×5%)]

Economic profit=$90,000-($50,000+$40,000+$1,000)

Economic profit=$90,000-$91,000

Economic profit=-$1,000

Learn more about Economic profit here:https://brainly.com/question/8960234

#SPJ1

Otras preguntas