Using the concept of opportunity cost also ppf

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Q. Using the concept of opportunity cost also PPF explain the phrase affluence tomorrow requires sacrifices today

Q. During its only year of operation, a industry collected $175,000 in revenue also spent $50,000 on raw materials, labor also utilities. The owners of the industry spent $100,000 of their own money to build the industry's factory (instead of buying bonds also earning a 10% rate of return), which they sold at the end of the year for $100,000. Illustrate what is the industry's economic profit?

Reference no: EM1320182

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