Multiple Choice
A business owner makes 50 items a day.Each day he/she contributes 8 hours to produce those items.If hired,elsewhere he/she could have earned $10 an hour.The item sells for $10 each.Production does not stop during weekends.If the explicit costs total $10,000 for 30 days,the economic profit for the month equals:
A) $2,600
B) $2,240
C) $11,760
D) $5,000
Correct Answer:
Verified
Correct Answer:
Verified
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