Harvey Develops Gaming Apps from Home Instead of Working as an Engineer

question 194

Multiple Choice

Harvey develops gaming apps from home instead of working as an engineer and earning $50,000 a year.He has invested $20,000 to upgrade to the hardware that he needs and estimates his expenses at $17,000 a year.If downloads generate $45,000 in revenue during the first year,then his business _____

• A)has an accounting profit but an economic loss.
• B)has an accounting loss and an economic profit.
• C)has both accounting and economic profits.
• D)has both an accounting and an economic loss.
• E)has a normal profit.

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Definitions:

Protein Synthesis

The process by which cells construct proteins, directed by the genetic information carried in DNA and facilitated by ribosomes.

Gene Action

The process by which genes are expressed as observable traits, involving transcription, translation, and the subsequent functioning of proteins.

Pairs Of Chromosomes

Sets of two chromosomes, one from each parent, present in most non-sex cells of an organism, totaling 46 in humans.

Human Cells

Basic structural, functional, and biological units of the human body, comprising various types to perform different functions.