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Lisette is the owner of a bakery that earns zero economic profit. Last year, her total revenue was $145,000, her rent was $12,000, her labor costs were $65,000, and her overhead expenses were $15,000. From this information, we know that her total explicit costs were:

Respuesta :

Answer:

$92,000

Explanation:

The computation of the total explicit cost is shown below:

Given that

Total revenue = $145,000

Rent = $12,000

Labor cost = $65,000

Overhead expenses = $15,000

By considering the above information, the total explicit cost is

= Rent + labor cost + overhead expenses

= $12,000 + $65,000 + $15,000

= $92,000

This cost refers to the expenses incurred for the organization

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