Multiple Choice
An economist left her $100,000-a-year teaching position to work full-time in her own consulting business. In the first year, she had total revenue of $200,000 and business expenses of $100,000. She made a(n) :
A) economic profit.
B) economic loss.
C) implicit profit.
D) accounting loss but not an economic loss.
E) zero economic profit.
Correct Answer:
Verified
Correct Answer:
Verified
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