Myron Worked at a Factory Where He Earned $20,000 Per

Multiple Choice

Myron worked at a factory where he earned $20,000 per year.One day,he quit his job and opened a bumper sticker business.After one year,his business earned $60,000 in sales revenue and he incurred $30,000 in direct business expenses.If he received no salary from the new business,what is his economic profit?

A) $10,000
B) $30,000
C) $60,000
D) $20,000
E) $50,000