Bubba is a shrimp fisherman who catches 4,000 pounds of shrimp per year. He can sell the shrimp for $5 per pound. His average total cost of catching shrimp is $3 per pound. Bubba's annual total profit is
A)$8,000.
B)$12,000.
C)$20,000.
D)$32,000.

Question

Quizplus · Accepted Answer

Bubba's total revenue is 4,000 * $5 = $20,000. His total cost is 4,000 * $3 = $12,000. His total profit is $20,000 - $12,000 = $8,000.

Bubba Is a Shrimp Fisherman Who Catches 4,000 Pounds of Shrimp