Shanice owns a food delivery business. She picks up meals from restaurants and delivers them to his clients' homes. One year Shanice's revenue is $25,000 and her costs (such as gas and maintenance on...


Shanice owns a food delivery business. She picks up meals from restaurants and<br>delivers them to his clients' homes. One year Shanice's revenue is $25,000 and her<br>costs (such as gas and maintenance on her car) is $10,000. If Shanice did not run this<br>business, she could get a job at a grocery store and make $15,000 that year. Which<br>of the following statements is true?<br>Shanice's accounting profit is $15,000. Shanice's economic profit is $0.<br>Shanice's accounting profit is $10,000. Shanice's economic profit is $20,000.<br>Shanice's accounting profit is $0. Shanice's economic profit is $15,000.<br>OShanice's accounting profit is $20,000. Shanice's economic profit is $10,000.<br>

Extracted text: Shanice owns a food delivery business. She picks up meals from restaurants and delivers them to his clients' homes. One year Shanice's revenue is $25,000 and her costs (such as gas and maintenance on her car) is $10,000. If Shanice did not run this business, she could get a job at a grocery store and make $15,000 that year. Which of the following statements is true? Shanice's accounting profit is $15,000. Shanice's economic profit is $0. Shanice's accounting profit is $10,000. Shanice's economic profit is $20,000. Shanice's accounting profit is $0. Shanice's economic profit is $15,000. OShanice's accounting profit is $20,000. Shanice's economic profit is $10,000.

Jun 08, 2022
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