Multiple Choice
Suppose a soccer coach has been making $25,000 per year but gives up his coaching job in order to make soccer shoes.If his revenue from the sale of these shoes is $50,000 and his materials cost $20,000,then his economic profit is equal to _____
A) $5,000.
B) $25,000.
C) $30,000.
D) $50,000.
E) $80,000.
Correct Answer:
Verified
Correct Answer:
Verified
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