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14 April, 02:11

You sell T-shirts at your school's football games. Each shirt costs $5 to make and sells for $10. In the season you sell 100 shirts. If you weren't selling tickets at the game you could be stuffing the world's best burritos at Red's Phat Burritos, earning $300 during all the games. Your accounting profit is ...

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  1. 14 April, 03:38
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    Answer: $500

    Explanation:

    Accounting profit = Revenue - Cost

    Revenue = 100 * $10 = $1,000

    Cost: 100 * $5 = $500

    Accounting profit = $1000 - $500 = $500
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