Marshall Brown raises chickens in Georgia.

QUESTION 9 Marshall Brown raises chickens in Georgia. Last year he incurred $38,000 in explicit costs, and earned $39,000 in total revenue. He tells us that he could have earned $27,000 as a teacher in in a school nearby. These are all his revenue and costs. Therefore Mr. Brown earned an economic profit of $1,000. accounting profit of $1,000 but incurred an economic loss of $26,000 accounting profit of $1,000 but incurred an economic loss of $38,000 accounting profit of $1,000 but incurred an economic loss of $65,000