Question
Pet's Plus has produced 550 bags of their signature dog food. It costs them $6 to produce each bag, and they just sold 350 bags
Pet's Plus has produced 550 bags of their signature dog food. It costs them $6 to produce each bag, and they just sold 350 bags to a local vet office for $12 per bag. Their opportunity cost is $200.
What is Pet's Plus' accounting profit?
- $3,300
- $2,100
- $900
- $150
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Microeconomics Theory and Applications with Calculus
Authors: Jeffrey M. Perloff
3rd edition
133019934, 978-0133019933
