Jessica makes photo frames. She spends $5 on the materials for each photo frame. She can create one photo frame in an hour. She earns $10 per hour at a part-time job at the local coffee shop. She can sell a photo frame for $30 each. An economist would calculate the total profit for one photo frame to be .a. $5.
b. $10.
c. $15.
d. $25.

The amount of total profit earned for selling one photo frame is $15.

The total profit is determined by the difference between the cost price and the selling price.

As per the economist, the cost price of the photo frame will include the amount spent on the material of $5 and the amount to be earned from the part-time job is $10.

Computation:

Given,

The cost spent on material =$5

Opportunity cost (earning from part-time job) =$10

selling price =$30

Thus, the profit to be earned by selling one photo frame is $15.

To know more about profits, refer to the link:

link

=$15

Explanation:

An economist will consider the cost of the photo as the materials costs plus the opportunity cost of labor for Jessica. For Jessica, the opportunity cost of making the photo frame is the amount she would have earned working at the coffee shop. Therefore, the $10 she would have earned at the coffee shop is the labor cost of producing one photo frame.

The total cost of making one photo frame would be $5 plus $10.

i,e. $5 + $10 = $15

Profit from the photo frame = selling price - cost price

=$30- $15

=$15

answer; i believe the correct answer is (4.0);