Scenario 13-16 A Certain Firm Produces and Sells Staplers. Last Year, It

question 167

Multiple Choice

Scenario 13-16
A certain firm produces and sells staplers. Last year, it produced 7,000 staplers and sold each stapler for $6. In producing the 7,000 staplers, it incurred variable costs of $28,000 and a total cost of $45,000.
-Refer to Scenario 13-16.Suppose the owner of the business had an offer to work for another firm for $25,000.The firm's economic profit for the year was

• A) $-28,000.
• B) $-25,000
• C) $-3,000.
• D) $17,000.

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Definitions:

Biological Factors

Elements within an organism’s biological system, including genetic, neurological, or physical conditions, that influence its behavior, function, and development.

Cyclothymic Disorder

A mood disorder characterized by chronic, fluctuating mood disturbances involving periods of hypomania and mild depression.

DSM-5 Criteria

The diagnostic standards and criteria for psychiatric disorders as outlined in the fifth edition of the Diagnostic and Statistical Manual of Mental Disorders.

Bipolar Disorder

A mental health condition characterized by extreme mood swings, including emotional highs (mania) and lows (depression).