Jerry has started his own advertising company. Last year his company brought in $500,000 in revenue. The company's explicit costs (rent for office space, wages, supplies, business taxes, etc...) were $350,000. Jerry himself left his job as an executive at Ford, which paid $125,000, to start this company. Given this information the advertising company's ECONOMIC profit is: 

a. $0 

b. $225,000 

c. $25,000 

d. $150,000

Answer rating: 100% (QA)

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