Multiple Choice
Suppose Gina gives up a job paying $30,000 a year so that she can start her own pizza business. She takes $100,000 from her savings account (which paid a 6 percent rate of interest) to pay for equipment, materials and labor, and after one year her total revenue is $70,000. Gina's profit-related income is
A) $70,000
B) $40,000
C) $34,000
D) $30,000
E) $6,000
Correct Answer:

Verified
Correct Answer:
Verified
Q83: If the rate of interest increases, the
Q84: Economist David Ricardo argued that rent<br>A) is
Q85: Explain why unskilled workers earn little economic
Q86: Wage-related rents are derived in the same
Q87: The right to earn interest is the
Q89: In a theoretical sense, the "entrepreneurs" at
Q90: The marginal revenue product of land is
Q91: Suppose the demand for the Diane Playing
Q92: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10702/.jpg" alt=" -In Exhibit Q-4,
Q93: Recently, there has been talk about reforming