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An Economist Left Her $100 000-A-Year Teaching Position to Work

Question 52

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/an:


A) economic profit.
B) economic loss.
C) implicit profit.
D) zero economic profit.

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