The Oh So Humble Bakery sells 300 muffins at a price of $1 per muffin. Its explicit costs for producing 300 muffins are $250. The Oh So Humble Bakery's economic profits are

Question

Quizplus · Accepted Answer

Economic profits are calculated by subtracting both explicit and implicit costs from total revenue. Since the question does not provide information about implicit costs, we cannot determine the economic profits.

The Oh So Humble Bakery Sells 300 Muffins at a Price