You Are the Owner and Only Employee of a Company

Multiple Choice

You are the owner and only employee of a company that repairs computers.Last year,you earned total revenues of $75,000.Your costs for equipment,rent,and supplies were $10,000.To start this business you quit a job at a computer software firm that paid $40,000 a year.During the year,your economic costs were

A) $10,000.
B) $40,000.
C) $50,000.
D) $75,000.