Table 22.1Assume an apple farmer incurs the following costs and revenuesFertilizer$200Seeds$75Water$250Wages$750Property taxes$600Interest payments on borrowed funds$1,200Sales of apples$4,000Suppose the entrepreneur could earn $1,000 as an employee elsewhere. This means the economic profit is
A. -$75.
B. $0.
C. -$925.
D. -$1,000.
Answer: A
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