A person managing a laundry for someone else for 30000 per


A person managing a laundry for someone else for $30,000 per year decides for open his own laundry. Revenue during the first year of operation is $100,000 and the expenses are $3,000 for salaries, $10,000 for supplies, $8000 for rent, $2000 for utilities and $5000 for interest for a bank loan. calculate

(A) explicit cost

(B) Implicit Cost

(C) Accounting Profit

(D) Economics Profit

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Macroeconomics: A person managing a laundry for someone else for 30000 per
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