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3. The data in the table represents annual costs and revenue for Ted's Vintage Threads, a used clothing store in Key West, Florida. Ted works

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3. The data in the table represents annual costs and revenue for Ted's Vintage Threads, a used clothing store in Key West, Florida. Ted works 72 hours a week at the store. He also owns the building that houses his business, and if he closed the store, he could rent out the building for $30,000 per year and go to work for his cross-town rival, Cassie's Classic Couture, and earn a salary of $40,000 per year. Wages Paid Interest Paid on Loans Other Expenditures for Factors of Production Total Revenue $25,000 8,000 28,000 120,000 The economic cost for Ted's Vintage Threads is $ (Enter your response as a whole number.) The economic profit for Ted's Vintage Threads is $ negative sign if necessary.) (Enter your response as a whole number and include a Are these figures the same as the accounting cost and accounting profit? Explain. O O O A. No, the accounting profit would be higher since the opportunity cost is not included in the accounting profit. B. No, the accounting profit would be lower since the accounting revenue is lower. C. No, the accounting profit could be lower or higher, since the opportunity cost is not included in the accounting profit. D. No, the accounting profit would be lower since the opportunity cost is not included in the accounting profit O

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