Scenario 13-6
A certain firm produces and sells staplers.Last year,it produced 7,000 staplers and sold each stapler for $6.In producing the 7,000 staplers,it incurred variable costs of $28,000 and a total cost of $45,000.
-Refer to Scenario 13-6.Suppose the owner of the business had an offer to work for another firm that raises his opportunity cost by $25,000.The firm's economic profit for the year was
A) $-28,000.
B) $-25,000
C) $-3,000.
D) $17,000.
Correct Answer:
Verified
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