A Business Owner Makes 50 Items by Hand in Six

question 109

Multiple Choice

A business owner makes 50 items by hand in six hours. She could have earned $10 an hour working for someone else. If each item sells for $5 and the explicit costs total $14, economic profit equals:

• A) $0.
• B) $74.
• C) $176.
• D) $236.

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Definitions:

Introversion

A characteristic of personality defined by an emphasis on internal emotions over external stimuli.

Archetype

An archetype is a universally recognized character, symbol, or theme that transcends cultures and is embedded in our collective unconscious, embodying fundamental human motifs and experiences.

Powerful

Referring to someone or something possessing great physical strength or extensive influence and authority.

Rational Functions

In psychology, cognitive processes involved in reasoning, decision-making, and problem-solving.