Solved

Shelley's Salsa Produces and Sells Organic Salsa

Question 572

Multiple Choice

Shelley's Salsa produces and sells organic salsa. Last year it sold 3 million tubs of salsa at a price of $3 per tub. For last year, the firm's

A) accounting profit was $9 million.
B) economic profit was $9 million.
C) total revenue was $9 million.
D) explicit costs were $9 million.

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