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Sparkle Dreamshas produced 600 pairs of earrings that cost the company $5.00 each to make. They recently sold 450 pairs ofearrings to a local accessory
Sparkle Dreamshas produced 600 pairs of earrings that cost the company $5.00 each to make. They recently sold 450 pairs ofearrings to a local accessory store at $11.50 each. Their opportunity cost is $1,000.
What is Sparkle Dreams' economic profit?
- a.)
- $2,175
- b.)
- $2,925
- c.)
- $1,925
- d.)
- $1,175
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