The economic profit for the month equals

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Sarah bakery makes 1000 items a day. Each day Sarah contributes 8 hours to produce those items. If hired, elsewhere Sarah could have earned $250 an hour. The item sells for $15 each. Production does not stop during weekends. If the explicit costs total $150,000 for 30 days, the economic profit for the month equals:

a. $240,000

b. $450,000

c. $300,000

d. $60,000

Reference no: EM13998731

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