Multiple Choice
Bonzo is in business for himself making and selling Easter baskets.His daily cost for wicker is $100 and his daily revenue is $120.Bonzo quit his job at the Basket Weaving factory where he earned $15 a day,to enter the Easter basket business.Given this information,we know that his accounting profit
A) is $120 and his economic profit is $105.
B) and economic profit are both $20.
C) is $20 and his economic profit is $5.
D) and economic profit are both $5.
Correct Answer:

Verified
Correct Answer:
Verified
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