Multiple Choice
Lynn owns a small ballet supply store.He currently spends $80,000 per year on inventory, rent, and labor, and collects $120,000 in revenue.He could still be earning $20,000 as a dancer.His economic profit is
A) $120,000
B) $40,000
C) $20,000
D) $60,000
Correct Answer:
Verified
Correct Answer:
Verified
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