Question 18 Assuming that the apple farmer could earn $2,000 as an employee elsewhere, then the total economic profit/lo

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Question 18 Assuming That The Apple Farmer Could Earn 2 000 As An Employee Elsewhere Then The Total Economic Profit Lo 1 (34.82 KiB) Viewed 21 times

Question 18 Assuming that the apple farmer could earn $2,000 as an employee elsewhere, then the total economic profit/loss in Table 1.2 is... Assume an apple farmer incurs the following costs and revenues Fertilizer Seeds Water Wages Property taxes Interest payments on borrowed funds Sales of apples a. $925 b. -$75 c. -$2,000 d. -$1,075 Table 1.2 $200 $75 $250 $750 $600 $1,200 $4,000 (4 marks)