bubba is a shrimp fisherman who could earn $5000 as a fishing tour guide. instead he is a full-time shrimp fisherman. in calculating the economic profit of his shrimp business the $5000 that bubba gave up is counted as part of the shrimp businesss?

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Expert Answer. 100% (7 ratings) Transcribed image text Bubba is a shrimp fisherman who could earn $5000 as a fishing tour guide. Instead he is a full-time shrimp fisherman. In calculating the economic profit of his shrimp business the $5000 that Bubba gave up is counted as part of the shrimp businesss total revenue. Explicit costs.