Multiple Choice
Consider the following information about a business Diane opened last year: price = $20, quantity sold = 25,000; implicit cost = $255,000; explicit cost = $360,000. Assuming that all relevant costs and revenue are noted, what was Diane's economic profit?
A) $140,000
B) -$115,000
C) -$140,000
D) $220,000
E) $245,000
Correct Answer:
Verified
Correct Answer:
Verified
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