Thread Club produced 700 sweatshirts with a production cost $11.25 per sweatshirt. This month, they have sold 500 sweatshirts at $18.50 per sweatshirt. Based on this information, Thread Club's accounting profit for this month would be?

Thread Club produced 700 sweatshirts with a production cost $11.25 per sweatshirt. This month, they have sold 500 sweatshirts at $18.50 per sweatshirt. Based on this information, Thread Club's accounting profit for this month would be?

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter3: Benefits, Costs, And Decisions

Section: Chapter Questions

Problem 1MC

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Thread Club produced 700 sweatshirts with a production cost $11.25 per sweatshirt. This month, they have sold 500 sweatshirts at $18.50 per sweatshirt.
Based on this information, Thread Club's accounting profit for this month would be?

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