Multiple Choice
Jeremy, a small business owner, earns can $50 an hour repairing boats.One afternoon he takes 5 hours off work to build a gazebo in his garden, spending $200 on materials.If the addition of a gazebo increases his home's value by $400, then his economic profit will be:
A) - $50
B) $0
C) $200
D) $400
Correct Answer:
Verified
Correct Answer:
Verified
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