Suppose That a Firm Earned $500,000 in Total Revenue

question 165

Multiple Choice

Suppose that a firm earned $500,000 in total revenue.At the same time,it incurred labor costs of $200,000; economic depreciation of $50,000; normal profit of $75,000; interest paid to the bank of $25,000; and used other factors of production that cost $100,000.The economic profit earned by the firm equals

• A) $275,000.
• B) $175,000.
• C) $50,000.
• D) $200,000.
• E) $500,000.

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Definitions:

Sexual Orientation

An enduring pattern of romantic or sexual attraction to persons of the opposite sex or gender, the same sex or gender, or both sexes or more than one gender.

Hypothalamus

A region of the brain that controls bodily functions such as hunger, thirst, sleep, and the release of hormones from the pituitary gland.

Sexual Arousal

The physiological and emotional response of the human body to sexual stimuli, which includes physical and psychological changes.

Bisexual Attraction

A sexual orientation characterized by the ability to experience sexual, emotional, or romantic attraction to people of both one's own and other genders.