Multiple Choice
Refer to Scenario 7.1 below to answer the question(s) that follow.
SCENARIO 7.1: You are the owner and only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue of $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a return of $40,000 a year.
-Refer to Scenario 7.1. A yearly normal return for your computer software firm would be
A) $20,000.
B) $40,000.
C) $60,000.
D) $100,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q142: Refer to Scenario 7.8 below to answer
Q143: Refer to Scenario 7.6 below to answer
Q144: Assume that the relative prices of capital
Q145: Refer to Scenario 7.4 below to answer
Q146: Refer to the information provided in Figure
Q148: Refer to the information provided in Figure
Q149: Related to the Economics in Practice on
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Q151: Refer to the information provided in Figure
Q152: The _ to produce any given level