Answer to Question #36069 in Macroeconomics for lasisi

Question

1. The owner of the company has paid employees 500 thousand dollars. Charge interest for the loan amounted to 1 million dollars, depreciation - 500 thousand dollars, the cost of raw materials , heating, lighting , maintenance , etc. - 300 thousand dollars. The total income of the company amounted to 3 million dollars.
The owner of the company itself can get a job as an employee and get paid 40 thousand dollars. From investing their capital in another business firm owner could receive 100 thousand dollars.
Determine:
1) Accounting costs ;
2) The economic costs
3) accounting profit ;
4) Economic profit ;
5 ) Should the owner of the company continue their work ?