Suppose that a firm earned $500,000 in total revenue. At the same time, it incurred labor costs of $200,000; economic depreciation of $50,000; normal profit of $75,000; interest paid to the bank of $25,000; and used other factors of production that cost $100,000. The economic profit earned by the firm equals:

$50,000

Explanation:

Given the following ;

Total Revenue = $500,000

Labor cost = $200,000

Economic Depreciation = $50,000

Normal profit = $75,000

Interest paid to bank = $25,000

Other cost of production = $100,000

Economic profit = (Total revenue - labor cost - economic Depreciation - normal profit - interest paid to bank - other production cost))

Economic profit =$ (500,000 - 200,000 - 50,000 - 75,000 - 25,000 - 100,000)

Economic profit = $50,000

enlightenment impacted society by introducing the idea that mankind could use reason to discover the laws of the world and the rights of mankind. these ideals affected all factions of society, from politics to religion.

c.

explanation:

regressive tax taxes the poor and less of the wealthy. this the rich get richer and the poor get more poor. this would create a large wealth gap.