Joey's Lawncutting Service rents office space from Joey's dad for $300 per month. A similar office space in the same building rents for $545 per month. What is the economic profit earned by Joey's dad?

A) Profit of $245
B) Profit of $100
C) Loss of $100
D) Loss of $245


D

Economics

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The quantity of goods and services that can be produced by one worker or by one hour of work is referred to as

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