Multiple Choice
You use $40,000 of your own money to start a catering business. During the first year you earn a 5% return on that investment. If the current interest rate on savings is 8%, you earn an economic profit of
A) -$1,200.
B) $1,200.
C) $2,000.
D) $3,200.
Correct Answer:
Verified
Correct Answer:
Verified
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