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A young thomas edison makes 20 light bulbs a week in his dorm room. the parts for each light bulb cost $2.00. he sells each light bulb for $5.00. general electric offers thomas an executive job that pays $50.00 a week. thomas's weekly economic profit from making light bulbs is equal to:

Respuesta :

$10.00 is the answer.

20 x $2 = $40

20 x $5 = $100

$100 - $40 = $60

$60 - $50 = $10

abiolataiwo2015

Thomas's weekly economic profit from making light bulbs is equal to: $10

Using this formula

Economic profit = Total revenue – ( Explicit costs + Implicit costs)

Let plug in the formula

Economic profit=[($5-$2)×20]-$50

Economic profit=($3×20)-$50

Economic profit=$60-$50

Economic profit=$10

Inconclusion Thomas's weekly economic profit from making light bulbs is equal to:$10

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https://brainly.com/question/13769568

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