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The owner of a greenhouse and nursery is considering whether to spend $7,500 to acquire the licensing rights to grow a new variety of rosebush,
The owner of a greenhouse and nursery is considering whether to spend $7,500 to acquire the licensing rights to grow a new variety of rosebush, which could be sold for $8 each. Per-unit variable cost would be $3. What would the profit be if 5,000 rosebushes were produced and sold?
a.
17,000
b.
16,000
c.
17,500
d.
16,500
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