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

question 181

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.Downloads generated $130,000 in revenue during the first year.What is his economic profit?

• A)$37,000
• B)$50,000
• C)$43,000
• D)$93,000
• E)$130,000

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Definitions:

Worldview

A comprehensive perspective or collection of beliefs through which an individual interprets the world and interacts with it.

Age Cohort

A group of people grouped together within a population based on their age, often used in social science to study changes over time.

Religious Services

Ceremonial acts of worship or rituals conducted by a designated religious organization or group.

Durkheim's View

Durkheim's view often refers to the sociological perspective of Émile Durkheim, emphasizing the importance of social institutions and collective consciousness in maintaining social order.