Scenario 13-19 Doreen's Dairy Produces and Sells Swiss Cheese. Last Year, It

Multiple Choice

Scenario 13-19
Doreen's Dairy produces and sells Swiss cheese. Last year, it produced 7,000 pounds and sold each pound for $6. In producing the 7,000 pounds, the dairy incurred variable costs of $28,000 and a total cost of $40,000.
-Refer to Scenario 13-19. Suppose the owner of the business had an offer to work for another firm for $25,000. The firm's economic profit for the year was

A) -$26,000.
B) -$23,000.
C) $2,000.
D) $14,000.