Gerry works 40 hours a week managing Gerry's Market,without drawing a salary.He could earn $600 a week doing the same work for Jean.Gerry's Market owes its bank $100,000,and Gerry has invested $100,000 of his own money.If Gerry's accounting profits are $1,000 per week while the interest on his bank debt is $200 per week,his economic profits are:
A) $0 per week.
B) $200 per week.
C) $400 per week.
D) $800 per week.
E) $1,000 per week.

Question

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The Answer of Gerry works 40 hours a week managing Gerry's Market,without drawing a salary.He could earn $600 a week doing the same work for Jean.Gerry's Market owes its bank $100,000,and Gerry has invested $100,000 of his own money.If Gerry's accounting profits are $1,000 per week while the interest on his bank debt is $200 per week,his economic profits are:
A) $0 per week.
B) $200 per week.
C) $400 per week.
D) $800 per week.
E) $1,000 per week.

Gerry Works 40 Hours a Week Managing Gerry's Market,without Drawing