Suppose Joan Uses Her Savings to Purchase Computer Equipment for Her

question 114

Multiple Choice

Suppose Joan uses her savings to purchase computer equipment for her new consulting business.Soon after this, the market interest rate rises.As a result, her

• A)explicit costs rise immediately
• B)accounting profit falls immediately
• C)accounting profit rises immediately
• D)economic profit rises immediately
• E)economic profit falls immediately

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Definitions:

Intentional Tort

A wrongful act done on purpose that causes harm to someone else, including acts like assault or fraud.

Physical Injury

Bodily harm or damage to a person's body, as opposed to emotional or psychological harm.

Assault

An intentional act that creates a reasonable apprehension in another of an imminent harmful or offensive contact.

Fearful

Feeling afraid or anxious; experiencing apprehension or concern about a possible threat or danger.