Table 14-13
Diana's Dress Emporium
-Refer to Table 14-13. What is Diana's economic profit at the profit maximizing point?
A)$78
B)$243
C)$278
D)$375

Question

Table 14-13
Diana's Dress Emporium 
-Refer to Table 14-13. What is Diana's economic profit at the profit maximizing point?
A)$78 
B)$243 
C)$278 
D)$375

Quizplus · Accepted Answer

Economic profit is calculated as total revenue minus total costs. At the profit-maximizing point, Diana's total revenue is $1,000 and her total costs are $722, resulting in an economic profit of $278.

Table 14-13 Diana's Dress Emporium