Jane Decides to Open Her Own Business and Earns $50,000

question 138

Multiple Choice

Jane decides to open her own business and earns $50,000 in accounting profit the first year.When deciding to open her own business she turned down three separate job offers with annual salaries of $30,000,$40,000,and $45,000.What is Jane's economic profit from running her own business?

• A)$-65,000
• B)$5,000
• C)$10,000
• D)$20,000

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Definitions:

Electrical Stimulation

The use of electrical impulses to induce a muscular contraction or stimulate nerves and tissues for therapeutic purposes.

Computerised Tomography

A diagnostic imaging procedure using a series of computer-generated x-rays to create detailed cross-sectional images of the body.

Central Nervous System

Comprised of the brain and spinal cord, this system acts as the principal control center for processing and organizing information throughout the body.

Sensory and Motor Neurons

Nerve cells that transmit sensory information (sensory neurons) and those that control muscle movement (motor neurons).