Multiple Choice
George owns a dude ranch in Alberta.He pays $32 000 per year in insurance,$408 000 in wages,and $23 000 in supplies.He forgoes $32 000 per year he could make as a police officer.His total revenue last year equalled $460 000.That means his economic _____ equalled _____.
A) profit;$3 000
B) losses;$3 000
C) losses;$35 000
D) profit;$35 000
Correct Answer:
Verified
Correct Answer:
Verified
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