Business, 19.08.2020 20:01 nrosario33
Suppose that a small business takes in monthly revenue of $100,000. Labor, rental, energy, and other purchased input costs are $70,000. The owner/entrepreneur could earn $5,000 per month in another job, and the owner/entrepreneur could get a return of $5,000 each month if she sold her business and invested the net proceeds in a financial asset, such as a treasury bond. Which of the following correctly describes her monthly economic profit?
a. $100,000
b. $90,000
c. $70,000
d. $30,000
e. $20,000
Answers: 3
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Suppose that a small business takes in monthly revenue of $100,000. Labor, rental, energy, and other...
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