A sandwich shop owner has the following information: P = MR = $4, ATC = $2, AVC = $1, MC = 4, and Q = 500. From this, she can determine:
A) her profits are not being maximized.
B) she has earned zero economic profits.
C) she has earned economic profits of $1,000.
D) she has earned economic profits of $1,500.
Correct Answer:
Verified
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