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

question 62

Multiple Choice

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

• A) -$925.
• B) -$75.
• C) -$1,000.
• D) $0.

---

Definitions:

Filthy Bathroom

An unclean and possibly contaminated bathroom that requires cleaning for health reasons.

Home Healthcare

Medical and non-medical services provided in a patient's home to promote, maintain, or restore health or minimize the effects of illness and disability.

Home Hospice Care

Supportive care provided at home for terminally ill patients, focusing on comfort and quality of life.

Independence Promotion

Strategies or interventions aimed at enabling individuals to act and make decisions autonomously, enhancing their self-sufficiency.