John’s 2016 total revenue from operating a Pizza-Hut is $99,500
3) John’s 2016 total revenue from operating a Pizza-Hut is $99,500. He paid $44,500 for
ingredients, workers’ wages, interest for the bank credit. At the same time his forgone wage, forgone interest, forgone rent and economic depreciation equal $45,000. By the end of the year he received an economic profit of:
A) $90,000; B) $10,000; C) $55,000; D)$144,00 E)$189,000
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