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

question 165

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 economic profit is

• A) $50,000.
• B) $90,000.
• C) $40,000.
• D) $0.

---

Definitions:

IgG Antibodies

A type of antibody that is the most abundant in body fluids and plays a key role in the immune response to pathogens.

Contact Killing

A phenomenon where certain cells or materials can destroy microorganisms on direct contact, often used in reference to antimicrobial surfaces.

Cell-mediated Immunity

The aspect of immunity that is mediated by specialized cells known as T lymphocytes for defending the body against viral infections and cancer.

Cytotoxic T Cells

A type of white blood cell that kills cancer cells, cells that are infected with viruses, or cells that are damaged in other ways.