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Chloe Gives Piano Lessons for $15 Per Hour

Question 84

Multiple Choice

Chloe gives piano lessons for $15 per hour. She also grows flowers, which she arranges and sells at the local farmer's market. One day she spends 4 hours planting $50 worth of seeds in her garden. Once the seeds have grown into flowers, she can sell them for $150 at the farmer's market. Chloe's accounting profits are


A) $100, and her economic profits are $40.
B) $100, and her economic profits are $15.
C) $40, and her economic profits are $100.
D) $15, and her economic profits are $140.

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