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Jim's Nursery Produces and Sells $1100 Worth of Flowers

Question 32

Multiple Choice

Jim's Nursery produces and sells $1100 worth of flowers.Jim uses no intermediate inputs.He pays his workers $700 in wages,pays $100 in taxes and pays $200 in interest on a loan.Jim's profit is


A) $100.
B) $200.
C) $400.
D) $800.
E) $1000.

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