Table 8.1 -Refer to Table 8.1.Suppose Mr.B Withdrew $50,000 from His Account

question 20

Multiple Choice

Table 8.1
-Refer to Table 8.1.Suppose Mr.B withdrew $50,000 from his account that earned 10% to invest into this business.He quit his full-time job that paid $40,000 to manage this business.Mr.B's economic profit equals

• A) $100,000.
• B) $45,000.
• C) $0.
• D) -$45,000.

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Definitions:

Having Hair

The characteristic of possessing hair, a keratinous filament growing from the epidermis primarily found in mammals.

Mammary Glands

Specialized organs in mammals that produce milk to nourish newborn offspring.

Constant Internal Temperature

The maintenance of a steady body temperature independent of the environment.

Mammals

Warm-blooded vertebrates characterized by the presence of hair or fur, secretion of milk by females for the nourishment of the young, and typically the birth of live young.