Manisha Could Work for Another Firm Making $10,000 Per Month

question 106

Multiple Choice

Manisha could work for another firm making $10,000 per month, but she decides to open her own gourmet cheese store and pay herself $2,000 per month. In her first month of operations, she spends $6,000 on cheese, $1,000 on other items, and $2,500 on rent. She had a great opening month and brought in revenues of $14,500. What are Manisha's economic profits?

• A)$3,000
• B)$4,000
• C)-$5,000
• D)-$6,000

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Definitions:

Corporate Philosophy

A set of guiding principles and beliefs that define a company's values, ethics, and objectives, influencing its decisions and culture.

Norris-La Guardia Act

A 1932 U.S. federal law that restricted the power of federal courts to issue injunctions against non-violent labor disputes and made yellow-dog contracts unenforceable.

Federal Courts

Courts established by the federal government that have jurisdiction over legal cases and controversies under federal law.

Injunctions

Court orders requiring an individual or entity to do or cease doing a specific action, often used to prevent irreparable harm.