Several of the Beatles’ songs are evergreens.
Any acquaintance that belongs to my grandmother will tell you what an adorable person she is!
The table below shows information about a producer of coats.
Based on the table, what is the price per coat?
| Quantity | Total Revenue | Total Cost |
| 1 | 24 | 10 |
| 2 | 48 | 23 |
| 3 | 72 | 39 |
| 4 | 96 | 58 |
| 5 | 120 | 80 |
| 6 | 144 | 105 |
| 7 | 168 | 133 |
| 8 | 192 | 164 |
| 9 | 216 | 198 |
| 10 | 240 | 235 |
| 11 | 264 | 275 |
| 12 | 288 | 318 |
Katherine currently has a job at an accounting firm. She earns $72,000 per year. She has $190,000 in savings, which she has as bonds that earn 5% annual interest.
She is considering starting her own accounting firm. It would cost her $122,000 to purchase the office equipment. This equipment would depreciate 7% per year. She would have to pay $16,000 per year to rent the office. Labour costs would be $418,000 per year. She estimates her annual revenue would be $722,000.
Calculate Katherine's economic profit if she starts her own firm.