Helga Owns Viking, Inc

question 184

Multiple Choice

Helga owns Viking, Inc., started with her $100,000 inheritance.Helga's accountant informs her that her firm earned a profit of $100,000 last year, and that if she chooses to invest the money she can expect a 10% return.If Helga did not run Viking, she would not work.What were Helga's economic profits last year?

• A)Zero 
• B)$100,000 
• C)$90,000 
• D)$95,000

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Definitions:

Price Increase

A rise in the cost of goods or services, affecting the purchasing power of consumers.

Widgets

A generic term often used to refer to any hypothetical manufactured good or product.

Sales Decrease

A situation in which the quantity of products sold by a company or in a market declines.

Demand Curve

A graph showing the relationship between the price of a good and the amount that consumers are willing and able to purchase at different prices.