Refer to Figure 4-2. What area represents the increase in producer surplus when the market price rises from P1 to P2?

________ paid for the use of land; ________ paid for the services of labor; and ________ paid for the use of capital

A) Rent is; wages are; interest is B) Rent is; interest is; wages are C) Interest is; wages are; profit is D) Mortgages are; interest is; wages are E) Rent is; wages are; profit is

Aimee sells hand-embroidered dog apparel over the Internet. Her annual revenue is $128,000 per year, the explicit costs of her business are $42,000, and the opportunity costs of her business are $30,000. What is her accounting profit?

A) $12,000 B) $56,000 C) $86,000 D) $98,000