Multiple Choice
You use $5,000 of your own money to start a dog-walking business. During the first year you earn a 5% return on your investment. If the current interest rate on savings is 8%, you earn an economic profit of
A) -$150.
B) $150.
C) $250.
D) $400.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q162: The value of capital is as great
Q163: If business leaders expect the new Congress
Q164: A firm should never undertake an investment
Q165: As interest rates fall, a firm would<br>A)
Q166: Which of the following are examples of
Q168: The present discounted value of a stream
Q169: A firm's capital is measured as a
Q170: A worker's skills and knowledge are types
Q171: If the interest rate is 5 percent,
Q172: Refer to the data provided in