Consider the following information about a business Diane opened last year: price = $10,quantity sold = 25,000; implicit cost = $55,000; explicit cost = $160,000.What was Diane's economic profit?
A) $35,000
B) $195,000
C) -$35,000
D) $90,000
E) There is not enough information provided to answer this question.
Correct Answer:
Verified
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