The Lynx Manufacturing Company produces components used in electronic toys. In fiscal year 2017, Lynx earned an accounting profit of $3 million. However, Lynxes production facilities might have also been used to produce components for mobile phones, which would have generated $2 million in revenues and saved the company $500,000 in production costs. Which of the following statements is true?a) lynx earned an economic profit of $5.5 million. b) lynx earned an economic profit of $500,000.c) lynx suffered an economic loss of $500,000.d) lynx suffered an economic loss of $2.5 million.

Option "B" is the correct answer to the following statement.

Explanation:

During the fiscal year 2017, The Lynx Manufacturing Company Received $2,000,000 Profit that helps the company to earn a profit of $5,000,000 in production cost.

This extra saved income in the fiscal year 2017 is called economic profit for the firm.

Therefore, Option "B" is the correct answer to the following situation.

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.

answer; descriptive statistics;