Suppose That Milo Left a Job, Where He Earned a Salary

question 45

Multiple Choice

Suppose that Milo left a job, where he earned a salary of $50,000 per year, in order to open an all-natural soap business. His insurance cost is $5,000; his material cost is $25,000; his lease payments are $10,000; and his revenue is $90,000. Milo's earns _____ profit.

• A) positive economic
• B) negative economic
• C) normal
• D) zero accounting

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Definitions:

Catalytic Hydrogenation

The process of adding hydrogen to unsaturated bonds in organic compounds in the presence of a catalyst.

Hydrogenation

The chemical process of adding hydrogen to an organic compound, usually to reduce or saturate organic molecules.

Stable Alkene

An alkene (hydrocarbon with carbon-carbon double bonds) that exhibits low reactivity due to its substituents or molecular structure.

Stable Alkene

An alkene that exhibits resilience against chemical reactions due to its specific structure, substitution pattern, or steric hindrance.