Veruca sells therapeutic bath salts on the Internet. Her annual revenue is $52,000 per year, the explicit costs of her business are $14,000, and the opportunity costs of her business are $17,000 per year. What is her accounting profit?

A) $14,000 B) $21,000 C) $31,000 D) $38,000

D

Economics

You might also like to view...

As a result of U.S. tariffs imposed on wool from New Zealand, the quantity of this wool that is imported has

A) not changed. B) increased a lot. C) decreased. D) increased a little. E) changed but whether it has increased or decreased is ambiguous.

Economics

A household's consumption choices cannot exceed limits created by

A) only the household's income. B) only the prices of the goods and services that it buys. C) both the household's income and the prices of the goods and services that it buys. D) neither the household's income nor the prices of the goods and services that it buys.

Economics