Multiple Choice
Scenario 13-11
Walter builds birdhouses. He spends $5 on the materials for each birdhouse. He can build one in 30 minutes. He is semi-retired but earns $8 per hour at the local hardware store. He can sell a birdhouse for $20 each.
-Refer to Scenario 13-11. An economist would calculate the total profit for one birdhouse to be
A) $7.
B) $11.
C) $12.
D) $15.
Correct Answer:

Verified
Correct Answer:
Verified
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