Determine the economic profits

Reference no: EM13182630

Gerry work 40 hours a week, managing Gerry's Market, without drawing a salary. He could earn $600 a week doing the same work for Jean. Gerry's Market owes its bank $100,000, and Gerry has invested $100,000 of his own money. If Gerry's accounting profits are $1,000 week while the interest on his bank debt is $200 per week, his economic profits are.

Reference no: EM13182630

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