Solved

Harvey Quit His Job at the University of Toronto Where

question 19

Multiple Choice

Harvey quit his job at the University of Toronto where he earned $45,000 a year,the same as other employees of normal ability,the same as other employees of normal ability.But Harvey is unusually talented in another area,and he figures his entrepreneurial talent,or forgone entrepreneurial income,to be $5000 a year.He cashed in $100,000 in bonds that earned 10% interest annually to buy a software company,Extreme Gaming.In the first year,the firm sold 11,000 units of software at $75 per unit.Of the $75 per unit,$55 goes for the costs of production,packaging,marketing,employee wages and benefits,and rent on a building.
-Refer to the above information.If the price of the product increases to $85,then the economic profit will be

Definitions:

Organized Demonstrations

Planned public gatherings where groups of people protest or rally for or against a cause, often aiming to draw attention to an issue and influence public opinion or policy.

Gender Empowerment Measure

A composite index measuring the empowerment of women in a country, based on their participation in political and economic life and decision-making power.

Gender Inequality

The unequal treatment or perceptions of individuals based on their gender, resulting in disparities in opportunity, rights, and status.

Quid Pro Quo Harassment

A form of sexual harassment where job benefits are directly linked to the acceptance of unwelcome sexual advances.