Amal Gives Up a Salary of $80,000 Per Year to Start

Multiple Choice

Amal gives up a salary of $80,000 per year to start his company. He invests $50,000 of his savings in his company, savings that had been earning him $4,000 per year in interest. During Amal's first year in business, total revenue is $300,000, and his explicit financial costs are $225,000. What is Amal's economic profit from his first year in business?

A) -$59.000
B) -$9,000
C) $71,000
D) $75,000