The following is cost information for the Creamy Crisp Donut Company.
Entrepreneur's potential earnings as a salaried worker = $40,000
Annual lease on building = $25,000
Annual revenue from operations = $420,000
Payments to workers = $150,000
Utilities (electricity, water, disposal) costs = $8,000
Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000
Entrepreneur's forgone interest on personal funds used to finance the business = $6,000
Creamy Crisp's total economic costs are:
A. $309,000.
B. $183,000.
C. $111,000.
D. $189,000.

If entrepreneur's forgone interest on personal funds used to finance the business  $6,000. Creamy Crisp's total economic costs are: C. $111,000.What is economic profit?Economic profit can be calculated by deducting the cost from the revenue.Using this formula to find the total economic costsTotal economic costs = Revenue - Total costLet plug in the formulaTotal economic costs = $420,000 - ( $40,000 + $25,000 + $150,000 + $8,000 + $80,000 + $6,000)Total economic costs =$420,000 - $309,000Total economic costs = $111,000Therefore we can conclude that the correct option is C.Learn more about total economic costs here: https://brainly.com/question/25742185#SPJ1