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

Question

Quizplus · Accepted Answer

The total explicit costs are the sum of all the explicit costs incurred by the bakery. 
Explicit costs = Rent + Labor Cost + Overhead expenses
Explicit costs = $12,000 + $65,000 + $15,000
Explicit costs = $92,000.

Lisette Is the Owner of a Bakery That Earns Zero