Bonzo is in business for himself making and selling easter


Bonzo is in business for himself making and selling Easter baskets. His daily cost for wicker is $100 and his daily revenue is $120. Bonzo quit his job at the Basket Weaving factory where he earned $15 a day, to enter the Easter basket business. Given this information, we know that his accounting profit

A. is $120 and his economic profit is $105.
B. and economic profit are both $20.
C. is $20 and his economic profit is $5.
D. and economic profit are both $5.

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Basic Computer Science: Bonzo is in business for himself making and selling easter
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