Answer:
above $130,000
Explanation:
Implicit cost is the opportunity cost that is incurred from the use of a company's resources, while explicit cost are those incurred in the normal running of the business. For example wages, utility payment, and raw material cost.
Total cost = Explicit cost + Implicit Cost
Total cost = $100,000 + $30,000
Total Cost = $130,000
Profit = Revenue - Total cost
So if profit is 0
0 = Revenue - $130,000
Revenue = $130,000
Therefore to get a normal profit that is above 0, the revenue should be above $130,000
Answer:
$130,000
Explanation:
Normal profit occurs when revenues equal explicit and implicit costs.
total revenue = explicit cost + implicit cost
$100,000 + $30,000 = $130,000
