Each day she spends 8 hours producing those items. if hired, elsewhere she could have earned $250 an hour. the item sells for $15 each. production occurs seven days a week. if the explicit costs total $150,000 per month, what is her economic profit?

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented