Maryam could work for another firm making $10,000 per month, but she decides to open her book store and pay herself $2,000 per month. In her first month of operations, she spends $6,000 on books, $1,000 on other items, and $2,500 on rent. She had a great opening month, and earned revenues of $14,500. What are Maryam's economic profits? Select one: O a. -$6,000 O b. $4,000 O c-$5,000 O d. $3,000

Maryam could work for another firm making $10,000 per month, but she decides to open her book store and pay herself $2,000 per month. In her first month of operations, she spends $6,000 on books, $1,000 on other items, and $2,500 on rent. She had a great opening month, and earned revenues of $14,500. What are Maryam's economic profits? Select one: O a. -$6,000 O b. $4,000 O c-$5,000 O d. $3,000

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter1: Welcome To Economics!

Section: Chapter Questions

Problem 20CTQ: Suppose you have a team of two workers: one is a baker and one is a chef. Explain why file kitchen...

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