Sally Leaves Her $24,000 Secretarial Position with a Company and Invests

question 208

Multiple Choice

Sally leaves her $24,000 secretarial position with a company and invests her savings of $15,000 (on which she was earning 6 percent interest) in her own Ready Sec agency.After expenses, her net income was $28,900.Her economic profit was

• A)$4,900.
• B)$4,000.
• C)$28,900.
• D)−$10,100.

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Definitions:

National Government

The organization responsible for the governance of a nation, typically consisting of legislative, executive, and judicial branches, and tasked with regulating and administering national policies and affairs.

Brutus

Brutus was a pseudonym used by one of the Anti-Federalists during the American founding period who wrote essays critical of the proposed U.S. Constitution, arguing for stronger protections for states' rights and individual freedoms.

Federal Farmer

A pseudonym used by an anti-federalist writer who published a series of essays critical of the proposed Constitution of the United States.

Pseudonyms

Fictitious names used by authors, performers, and other public figures to conceal their identity.