Calculate the paula deen economic profit

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Reference no: EM132130787

Question - Paula Deen runs a seafood restaurant in Savannah, Georgia. Her total revenue last year was $150,000. The rent on her restaurant was $48,000, her labor costs were $42,000, and her materials, food, and other variable costs were $20,000. Paula Deen could have worked as a cookbook writer and earned $40,000 per year or as a chef in another restaurant and earned $35,000. Paula Deen 's economic profit is equal to

A. $0.0 per year.

B. $5,000 per year.

C. -$35,000 per year.

D. $40,000 per year.

Reference no: EM132130787

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