Multiple Choice
Suppose a soccer coach has been making $25, 000 per year but gives up his coaching job in order to make lace doilies.If his revenue from the sale of these doilies is $50, 000 and his materials cost $20, 000, then his economic profit is
A) $5, 000
B) $25, 000
C) $30, 000
D) $50, 000
E) $80, 000
Correct Answer:
Verified
Correct Answer:
Verified
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