Question 15 Assuming that the apple farmer could earn $1,000 as an employee elsewhere, then the total economic profit in Table 15.1 is... Table 15.1 Assume an apple farmer incurs the following costs and revenues Fertilizer Seeds Water Wages Property taxes Interest payments on borrowed funds Sales of apples a) $925 b) -$75 c) -$1,000 d) $0 $200 $75 $250 $750 $600 $1,200 $4,000

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