Assume Brad Worked as a Contractor for a Year and Had

question 139

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 -$10,000 and he would be rational to stop working as a contractor.

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Definitions:

NMR

Nuclear Magnetic Resonance, a spectroscopic technique used to determine the structure of molecules.

IR

An abbreviation for infrared spectroscopy, a method for studying molecules by observing their interaction with infrared light to identify chemical bonds and functional groups.

Medium

An environment or substance in which other materials or reactions are hosted or take place, potentially affecting their properties.

Doublet

An NMR signal that is split into two peaks of equal intensity, indicating the presence of a neighboring proton with a spin-spin coupling effect.