The next 3 questions deal with the following situation. Jennifer has a home business selling women's headscarves. She earns $3,000 per month in revenue, and spends $500 per month on materials. She also hires a part-timeworker, whom she pays$500 per month in hourly wages. Utilities cost $400 per month. Finally, she spends $100 per month maintaining a quality web-site, which she uses to conduct internet marketing.

13.What is Jennifer's variable cost of production?

(A)$1,500.

(B)$1,400.

(C)$1,000.

(D)$100.

14.What is Jennifer's accounting profit?

(A)$1,500.

(B)$1,000.

(C)$2,000.

(D)$3,000.

15.Suppose that if Jennifer were not running her headscarves business, she could make$2,000 per month working in retail. What is her economic profit?

(A)$1,500.

(B)-$1,000.

(C)-$500.

(D)$2,000.