earns

1-Lola is the owner of a bakery that earns 0 (zero) economic profit. Last year, her total revenue was $165,000, her rent was $10,000, her labor costs were $85,000, and her overhead expenses were $11,000.a. What were Lola’s total explicit costs?b. What were Lola’s total implicit costs?c. Currently, Lola has 7 employees; with 7 employees, … Read more

1-Lola is the owner of a bakery that earns 0 (zero) economic profit. Last year, her total revenue was $165,000, her rent was $10,000, her labor costs were $85,000, and her overhead expenses were $11,000.a. What were Lola’s total explicit costs?b. What were Lola’s total implicit costs?c. Currently, Lola has 7 employees; with 7 employees, … Read more

1-Lola is the owner of a bakery that earns 0 (zero) economic profit. Last year, … Read more