You Borrow $20,000 at an Interest Rate of 6% to Open

question 129

Multiple Choice

You borrow $20,000 at an interest rate of 6% to open Candy Dan's, a gourmet sweet shop. You will earn an economic profit if the return on your investment is

• A) between 0 and 6%.
• B) 6%.
• C) greater than 6%.
• D) only greater than 10%.

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