1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Verdich [7]
3 years ago
13

Katherine gives piano lessons for $15 per hour. She also grows flowers, which she arranges and sells at the local farmer's marke

t. One day she spends 5 hours planting S50 worth of seeds in her garden. Once the seeds have grown into flowers, she can sell them for $150 at the farmer's market. Katherine's accounting profits are
a. $100, and her economic profits are $25
b. $100, and her economic profits are $75.
c. S25, and her economic profits are $100
d. $75, and her economic profits are $125
Business
1 answer:
vova2212 [387]3 years ago
8 0

Answer:

a. $100, and her economic profits are $25 

Explanation:

Accounting profit = Revenue - Explicit Cost

$150 - $50 = $100

Economic profit = Accounting profit - Opportunity cost

$100 - ($ 15 × 5)

$100 - $75 = $25

I hope my answer helps you

You might be interested in
According to the text, thinking about your "academic anatomy" preference is a way to:
Mila [183]
Here is the answer that best completes the statement above. According to the given text, when you are thinking about your "academic anatomy", this preference is a way to get a handle on what you feel satisfying and fulfilling. Hope this helps.
3 0
3 years ago
Cory issued a note to his creditor in exchange for an account. cory records the transaction by debiting
PIT_PIT [208]
I believe the answer is a. 
8 0
3 years ago
Read 2 more answers
The other day, you had to remember some items for an important exam. you are sure you studied them and knew them before you ente
ahrayia [7]
Sometimes when people are under pressure they forget things that they have memorized. Sometimes its answers for a test and sometimes they forget how to walk, your body will just shut down under pressure.
Just try to relax and think of something else of a few, then move on to the next question, it will come back to you.
3 0
2 years ago
Senator dogood is pushing for the construction of a new military base in his state even though, from the standpoint of national
Katarina [22]
This is a classic example of what is termed "Pork"  or "Pork barrel politics".  Pork is when a legislator tries to divert federal funds to projects in their districts or State.  These funds provide jobs and income for his constituents who the will repay him with votes in the next election.
5 0
3 years ago
What is opportunity cost?
Sliva [168]
The answer would be B
8 0
2 years ago
Other questions:
  • The traditional approach to corporate planning was to: have a decentralized planning staff. have a centralized planning departme
    11·1 answer
  • You would like to evlauate pursuing a new computing tool for your team. The new workstation would impact 10 of your campany staf
    10·1 answer
  • Levered, Inc., and Unlevered, Inc., are identical in every way except their capital structures. Each company expects to earn $29
    10·1 answer
  • Quick-as-Lightning, a delivery service, purchased a new delivery truck for $40,000 on January 1, 2019. The truck is expected to
    9·1 answer
  • need asap plz!!! Questlon 5 of 10 Which statement best describes the idea of the law of supply? A . The supply of a product decr
    12·1 answer
  • ) You purchased a call option for $3.45 17 days ago. The call has a strike price of $45 and the stock is now trading for $51. If
    12·1 answer
  • Pacific Ink had beginning work-in-process inventory of $959,660 on October 1. Of this amount, $402,560 was the cost of direct ma
    15·1 answer
  • Select the correct answer.
    12·1 answer
  • Silver Corporation incurred costs of $600,000 for managing the wholesale division during the year. The customer details of the c
    15·1 answer
  • 2.5 Billion? Or 17.3 Million? <br> *Choose Wisely*
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!