Bill Is an Economics Professor Who Earns $40,000 Teaching but Decides

question 175

Multiple Choice

Bill is an economics professor who earns $40,000 teaching but decides to leave and fulfill his dream of catering barbecues.During his first year of barbecuing he earned total revenue of $60,000.He spent $30,000 on food and supplies.He also paid his wife $10,000 to help serve food.The normal profit for an entrepreneur running a barbecue business is $3,000.He also rented an industrial grill/fry truck for $12,000.An accountant would conclude that Bill's profit was

• A) $30,000.
• B) $20,000.
• C) $8,000.
• D) -$2,000.
• E) $40,000.

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Definitions:

Historical Linguistics

The study of how languages change and evolve over time, including the study of language families, language change, and the relationships between older and modern languages.

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