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parneetgill parneetgill
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5 years ago

Question 1.

The net income of a firm is the firm's



▸ profits.

▸ retained earnings.

▸ total revenue.

▸ capital income.

Question 2.

Assume that the current interest rate is 7%. You invest $10,000 of your own money in a restaurant that you own and operate. The normal return on this investment is



▸ $0, as you used your own money.

▸ $700, as that is the interest forgone by not lending the money to someone else at a 7% interest rate.

▸ $10,000, as that is the amount invested in the restaurant.

▸ $10,700, the amount invested plus the interest charge on the investment.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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rand22rand22
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5 years ago
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parneetgill Author
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#2
5 years ago
Smart ... Thanks!
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