Last Year Christine Worked as a Consultant

question 117

Multiple Choice

Last year Christine worked as a consultant. She hired an administrative assistant for $15,000 per year and rented office space (utilities included) for $3,000 per month. Her total revenue for the year was $100,000. If Christine hadn't worked as a consultant, she would have worked at a real estate firm earning $40,000 a year. Last year, Christine's accounting profit was ________ and her economic profit was ________.

• A)$100,000; $64,000
• B)$64,000; $49,000
• C)$49,000; $9,000
• D)$9,000; 0

---

Definitions:

Language Skill Levels

A measure of proficiency in a language, often categorized into listening, speaking, reading, and writing competencies.

Limb Defects

Abnormalities in the formation, structure, or number of limbs present at birth, affecting functionality and appearance.

Miscarriage

The natural termination of a pregnancy before the fetus is viable outside the womb, usually occurring before 20 weeks of gestation.

Gestational Age

The age of an embryo or fetus (or newborn) calculated from the number of weeks that have elapsed since the first day of the last menstrual period of the pregnant woman.