The equation for the given saving schedule is:

The president of the Micro Brewing Corporation asks you, as the company economist, to forecast changes in consumer beer purchases associated with a proposed price change. You conduct a survey and find that if the price of a six-pack increases from $5.50

to $7.50, the quantity demanded will decrease from 2200 units to 1800 units a month. Should the Micro Brewing Corporation raise its price? Explain the economic basis for this recommendation to the president. Please provide the best answer for the statement.

If your business earns $100,000 in revenues, has explicit costs of $80,000, and implicit costs of $50,000, your economic profit is

A. -$30,000. B. $20,000. C. $30,000. D. $50,000.