Multiple Choice
Harvey develops gaming apps from home instead of working as an engineer and earning $50,000 a year.He has invested $20,000 to upgrade to the hardware that he needs and estimates his expenses at $17,000 a year.Downloads generated $130,000 in revenue during the first year.What is his accounting profit?
A) $37,000
B) $50,000
C) $43,000
D) $93,000
E) $130,000
Correct Answer:
Verified
Correct Answer:
Verified
Q29: Marginal product is defined as<br>A)the increase in
Q32: Which of the following would not appear
Q116: If marginal cost exceeds average variable cost,then
Q118: Economic profit is defined as _<br>A)total revenue
Q119: Suppose a lawyer leaves his $50,000-a-year job
Q121: Explicit costs involve direct cash payments for
Q122: If variable cost rises from $60 to
Q123: Amanda,aged 6,opens a lemonade stand.She makes all
Q124: Exhibit 7.3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1208/.jpg" alt="Exhibit 7.3
Q125: A young chef is considering opening his