Jillian runs a small printing business. she spends $2000 / month on ink, $30,000 a year on rent for the building, and $60,000 a year on her two employees. jillian makes $120,000 a year in revenue. if she wasn’t in printing, elsie could also work as a consultant and make $80,000. year. she could also earn $200,000 by taking advantage of her jd and be in corporate law. what is jillian’s annual economic profit on the printing business.

Jillian's annual economic profit on the printing business is $6,000

Explanation:

Cost of ink = $2000/month = $2000×12/year = $24,000/year

Annual rent = $30,000

Annual salary of employees = $60,000

Total annual expenditure = $24,000 + $30,000 + $60,000 = $114,000

Annual revenue = $120,000

Annual economic profit = annual revenue - annual expenditure = $120,000 - $114,000 = $6,000

answer; niosh, the national institute for occupational safety and health;

answer; sensory adaptation;