Multiple Choice
Heidi quit her job as a chef making $40,000 per year to start her own restaurant. The first year, Heidi's restaurant earned $100,000 in revenue. Heidi pays $50,000 per year in wages to the waitresses and hostess and $20,000 per year to buy food. What is Heidi's economic profit for the year?
A) $50,000
B) $30,000
C) - $10,000
D) $80,000
Correct Answer:
Verified
Correct Answer:
Verified
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