Use the Information Below to Answer the Following Questions

Multiple Choice

Use the information below to answer the following questions.
Fact 12.4.1
Franklin is a fiddlehead farmer. He sold 10 bags of fiddleheads last month, with total fixed cost of $100 and total variable cost of $50.
-Refer to Fact 12.4.1. If the price of fiddleheads last month was $15 per bag, Franklin

A) should have shut down because total revenue did not cover total variable cost.
B) incurred an economic loss of $135.
C) made zero economic profit.
D) made an economic profit of $50.
E) made an economic profit of $100.