Suppose that a small family farm sold its output for $100,000 in a given year. the family spent $25,000 on fuel, $40,000 on seed, fertilizer, and pesticides, and $25,000 on equipment, including maintenance. the family members could have earned $20,000 working at other occupations.

what is the economic profit at the family farm?

The economic profit is $10,000.

Step-by-step explanation:

A small family farm sold its output for $100,000

The family spent on fuel = $25,000

The family spent on seed fertilizer and pesticides =  $40,000

The family spent on equipment and maintenance = $25,000

They spent total = 25,000 + 40,000 + 25,000

                           = $90,000

The economic profit at the family farm = 100,000 - 90,000

                                                                =  $10,000

The economic profit is $10,000.

step-by-step explanation:

to find the total number of combinations, multiply the quantity of each item by each other:

2 pairs of shoes x 3 pairs of shorts = 6 different combinations.