Multiple Choice
Suppose you quit your job to start a business.In the first month,your total revenue was $6,000.You paid:
$1,000 in monthly rent for office space.
$200 in monthly rent for equipment.
$3,000 to your workers in wages for the month.
$1,000 for the supplies you used that month.
You determine that your profit that month was negative $200.Why?
A) You did the math incorrectly.
B) You accounted for lost salary of $200.
C) You accounted for lost salary of $1,000.
D) Your equipment rent is an implicit cost.
Correct Answer:
Verified
Correct Answer:
Verified
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