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Beth Recently Began Running Her Husband's Lumber Mill

Question 10

Multiple Choice

Beth recently began running her husband's lumber mill. Last month she took in $5,000 in sales revenue and paid $3,400 in out-of-pocket costs. She made an economic profit last month if her implicit costs were:


A) $1000.
B) $1600.
C) $2400.
D) $3300.

Correct Answer:

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