Table 221 Suppose the Entrepreneur Could Earn $1,000 as an Employee Elsewhere

question 16

Multiple Choice

Table 22.1 $$\begin{array}{l}\text { Assume an apple farmer incurs the following costs and revenues }\\\begin{array} {| l | r| } \hline \text { Fertilizer } & \$ 200 \\\hline \text { Seeds } & \$ 75 \\\hline \text { Water } & \$ 250 \\\hline \text { Wages } & \$ 750 \\\hline \text { Property taxes } & \$ 600 \\\hline \text { Interest paynents on borrowed funds } & \$ 1,200 \\\hline \text { Bales of apples } & \$ 4,000 \\\hline\end{array}\end{array}$$ Suppose the entrepreneur could earn $1,000 as an employee elsewhere.This means the accounting profit is

• A)$1,525.
• B)$925.
• C)-$75.
• D)-$1,000.

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