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SEPHS - SOC240 - Economics Fall
Opportunity Cost
Question 10
10
Quiz
Multiple Choice
Opportunity Cost
Question 10 • SEPHS - SOC240 - Economics (Fall)
Rescooperate Ice Cream Shop recently analyzed their books. They found that in the past year, they made $100,000 selling ice cream and spent $75,000 on supplies and factory space. The remaining $25,000 represents
Answer
A
profit.
B
loss.
C
revenue.
D
expense.
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