econ, econmics, macro-economics

If the total costs of producing 1,500 units of output is $12,000 and this output sold to consumers for a total of $15,000, then the firm would earn economic profits of

A.$15,000.
B.$3,000.
C.$12,000.
D.$27,000.
E.$18,000.

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  1. profit=income-costs=15000-12000

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    bobpursley

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