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tina wants to be a rock 'n' roll singer. She cashed in all of her bank accounts that were paying her 4% interest. She took
tina wants to be a rock 'n' roll singer. She cashed in all of her bank accounts that were paying her
4% interest. She took this $6,000 and spent it to produce a CD. Tina did not quit her day job at Abercrombie. After one year her CD sales had earned $2,400 in accounting profits. Tina's economic profits are
A.
$240.
B.
$2,640.
C.
$3,600.
D.
$2,160.
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