Multiple Choice
Use the following scenario to answer the following questions:
Carmela's Churros is a perfectly competitive firm that sells desserts in Houston,Texas.Carmela's Churros currently is taking in $40,000 in revenues,and has $15,000 in explicit costs and $25,000 in implicit costs.
-Carmela's Churros' economic profits are
A) $40,000.
B) $15,000.
C) $25,000.
D) $0.
E) $80,000.
Correct Answer:

Verified
Correct Answer:
Verified
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