Refer to the given data. If the prices of labor and capital are $9 and $15, respectively, and labor and capital are the only inputs, the firm's economic profits will be
A)$102.
B)$82.
C)$67.
D)$28.

Question

Refer to the given data. If the prices of labor and capital are $9 and $15, respectively, and labor and capital are the only inputs, the firm's economic profits will be
A)$102. 
B)$82. 
C)$67. 
D)$28.

Quizplus · Accepted Answer

The Answer of  Refer to the given data. If the prices of labor and capital are $9 and $15, respectively, and labor and capital are the only inputs, the firm's economic profits will be
A)$102. 
B)$82. 
C)$67. 
D)$28.

Refer to the Given Data