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 economic profit?
A) $37,000
B) $50,000
C) $43,000
D) $93,000
E) $130,000
Correct Answer:
Verified
Correct Answer:
Verified
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