Multiple Choice
Scenario 13-3
Zach took $500,000 out of the bank and used it to start his new cookie business.The bank account pays 4 percent interest per year.During the first year of his business, Zach sold 15,000 boxes of cookies for $3 per box.Also, during the first year, the cookie business incurred costs that required outlays of money amounting to $14,000.
-Refer to Scenario 13-3.What was Zach's economic profit for the year
A) -$455,000
B) -$6000
C) $11,000
D) $31,000
Correct Answer:
Verified
Correct Answer:
Verified
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