(Answered) Determining the Garner profits

Economics

Problem: Jennifer Garner could work for another firm making $10,000 per month, but she decides to open her own gourmet cheese store and pay herself $2,000 per month. In her first month of operations, Jennifer spends $6,000 on cheese, $1,000 on other items, and $2,500 on rent. She had a great opening month, and brought in revenues of $14,500. According to her accountant, what are Ms. Garner's profits? Describe your answer and give examples.

$3,000
$4,000
- $5,000
- $6,000
- $7000

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Macroeconomics, Economics

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