Farmer Jane Grows Wheat on Land That Is Bought and Paid

Multiple Choice

Farmer Jane grows wheat on land that is bought and paid for.She figures her profit per acre is $60 because she puts $30 of purchased inputs onto each acre,$10 worth of her time into working on each acre,and the harvested wheat sells for $100.Farmer Jane

A) has correctly calculated her economic profit.
B) has forgotten to include the opportunity cost of the land in her calculation of profit.
C) should not have included the value of her time in calculating profits.
D) should not have included any costs in calculating her economic profit.