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Use the Following Scenario to Answer the Following Questions

Question 104

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' accounting profits are


A) $40,000.
B) $15,000.
C) $25,000.
D) $0.
E) $80,000.

Correct Answer:

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