Jada Left a Job That Paid $40,000 Per Year

question 233

Multiple Choice

Jada left a job that paid $40,000 per year. At the end of her first year in business, her revenues summed to $90,000, and her explicit costs were $50,000. Also, in order to fund her business startup, Jada cashed in a $20,000 certificate of deposit that was providing an annual yield of 5%. Ceteris paribus, Jada's economic profit is

• A) $40,000.
• B) $1,000.
• C) -$1,000.
• D) $0.

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Definitions:

Informed Consent

The process of understanding and agreeing to the terms and conditions, typically in healthcare settings, before any medical procedure or experiment.

Cultural Implications

The potential impact or significance that cultural practices, beliefs, and norms have on various aspects of life.

Legal Concerns

Issues related to the law or legal system that could impact actions, practices, or policies, requiring awareness and understanding to ensure compliance.

Ethical Decision

A choice made based on moral principles and values, considering the well-being of others and the integrity of the decision maker.