Debbie, a popular wedding photographer, is able to photograph a wedding every saturday of the year. she charges couples $4,000 for a complete set of photographs that cost her $2,200 to print and develop. suppose that on one saturday debbie photographs her niece's wedding without charge, but her niece insists on paying debbie $2,200 to cover her printing and developing costs. what is debbie's economic cost of photographing her niece's wedding

The economic cost for Debbie is 6,200 after considering the implicit cost.

Explanation:

The economic cost for Debbie's will be the explicit cost and opportunity cost of the best rejected opportunity.

Explicit cost:         2,200 print and develop

Opportunity Cost: 4,000  normal wedding revenue

Total Cost:             6,200

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

answer/// equals both average variable cost and average total cost at their respective minimums;