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Table 71
​ -Refer to Table 7

Question 52

Multiple Choice

Table 7.1

 Total Revenue $100,000 Assistant’s sal ary $20,000 Material & equipment $15,000 Forgone salary $30,000 Forgone interest $1,000 Forgone building rental $10,000\begin{array} { l r } \text { Total Revenue } & \$ 100,000 \\\hline \text { Assistant's sal ary } & \$ 20,000 \\\text { Material \& equipment } & \$ 15,000 \\\text { Forgone salary } & \$ 30,000 \\\text { Forgone interest } & \$ 1,000 \\\text { Forgone building rental } & \$ 10,000\end{array}
-Refer to Table 7.1,which shows revenue and cost information for Sally's small business.Sally owns a small business that she operates in a building she owns.Given the information in the table below,Sally's economic profit is equal to _____


A) $80,000.
B) $50,000.
C) $65,000.
D) $35,000.
E) $24,000.

Correct Answer:

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