Multiple Choice
Joey's Lawncutting Service rents office space from Joey's dad for $300 per month.A similar office space in the same building rents for $545 per month.What is the economic profit earned by Joey's dad?
A) Profit of $245
B) Profit of $100
C) Loss of $100
D) Loss of $245
Correct Answer:
Verified
Correct Answer:
Verified
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