9. Your business turns old wooden pallets into old-fashioned toys. Specifically, wooden building blocks or toy houses. If you make building blocks you expect to ean yearly revenue of $25,000. The production costs for making the building blocks will be $8000. If you make toy houses you anticipate selling 2000 houses for $10 apiece. The ATC for each house is $2. Your accounting profit from making wooden building blocks is toy houses is and your economic profit from making A. $16,000; $17,000 B. $16,000; -$1000 C. $17,000; $16,000 D. $17,000; -$1,000

9. Your business turns old wooden pallets into old-fashioned toys. Specifically, wooden building blocks or toy houses. If you make building blocks you expect to ean yearly revenue of $25,000. The production costs for making the building blocks will be $8000. If you make toy houses you anticipate selling 2000 houses for $10 apiece. The ATC for each house is $2. Your accounting profit from making wooden building blocks is toy houses is and your economic profit from making A. $16,000; $17,000 B. $16,000; -$1000 C. $17,000; $16,000 D. $17,000; -$1,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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