The table below provides the total revenues and costs for a dental practice for one year Total Revenues ($) Total Costs

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The Table Below Provides The Total Revenues And Costs For A Dental Practice For One Year Total Revenues Total Costs 1 (28.89 KiB) Viewed 18 times

The table below provides the total revenues and costs for a dental practice for one year Total Revenues ($) Total Costs ($) Wages and Salanes Risk free return of 4% on owner's capital of $1,000,000 Interest on bank loan Cost of supplies Depreciation of capital equipment Additional wages the dentist owner could have earned in her next best alternative. Risk premium of 5% on the owner's capital of $1,000,000 a. What are the explicit costs for this firm? The explicit costs are (Type an integer) 950,000 600,000 40,000 30,000 150,000 10,000 0 50,000