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Suppose Maverick, the owner - manager of Western Wear Depot, earned $ 2 4 0 , 0 0 0 in revenue last year. Maverick's explicit

Suppose Maverick, the owner-manager of Western Wear Depot, earned $240,000 in revenue last year. Maverick's explicit costs of operation totalled $300,000. Maverick has a bachelor's degree in education and could be earning $40,000 annually as a high school teacher.
Select one:
a. Maverick's total economic cost is $340,000.
b. Maverick's accounting profit is -$100,000.
c. Maverick incurs $300,000 of ipplicit costs.
d. Maverick's economic profit is $60,000.
e. all of the above.
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