3 quiz questions

The Southern Tree Trimming Corporation reported an accounting profit of $35,000 and a normal rate of return of 15 percent on capital and enterprise of $30,000. The opportunity cost of labor is $15,500. What is the economic profit? (Points : 1)

Which of the following is most likely to be an implicit cost of production? (Points : 1)

       Wages paid to skilled workers        Payments for inputs purchased from other companies        Interest paid on a loan        Rental income from real property        Rental income not received from use of a self-owned piece of land

A vertically integrated firm might own (Points : 1)