Assume Brad Worked as a Contractor for a Year and Had

question 12

Multiple Choice

Assume Brad worked as a contractor for a year and had revenues of $120,000 and explicit cost of $70,000.If he could have been paid $80,000 working for a computer company,his:

• A) accounting profit equaled $10,000 and he would be rational to stop working as a contractor.
• B) accounting profit equaled $50,000 and he would be rational to continue working as a contractor.
• C) economic profit equaled $50,000 and he would be rational to continue working as a contractor.
• D) economic profit equaled -$30,000 and he would be rational to stop working as a contractor.

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Definitions:

High Schools

Educational institutions that provide secondary education, typically serving students from approximately 14 to 18 years of age.

Measurement Section

A part of a document, plan, or evaluation that focuses on assessing the effectiveness or outcomes of a strategy or intervention through quantitative or qualitative methods.

Campaign

A planned series of activities designed to achieve a specific goal, often used in marketing to promote products or services.

Evaluating

The act of assessing or reviewing something systematically to determine its value, quality, or importance.