Foundations of Economics, 8th Edition

The data displayed in the table is as follows:

Total revenue: 150,000 dollars

(Under Explicit costs):

• Cost of fruit, yogurt, and honey: 20,000 dollars

• Wages: 22,000 dollars

• Interest: 3,000 dollars

(Under Implicit costs):

• Samantha’s foregone wages: 34,000 dollars

• Samantha’s foregone interest: 1,000 dollars

• Economic depreciation: 4,000 dollars

• Normal profit: 16,000 dollars

Opportunity cost: 100,000 dollars

Economic profit: 50,000 dollars.