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Home Q & A Board Other Fields Homework Help Business Economics
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Mandolina Mandolina
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6 years ago
Suppose George Goforit gives up a $50,000 a year salary and invests $100,000 of his own money (which had been earning 10 percent a year) to start a business. In order to earn a normal profit he must make
A) $50,000 a year.
B) at least $50,001.
C) $150,000 a year.
D) $60,000 a year.
E) at least $60,001.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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Mandolina Author
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#2
6 years ago
Makes a ton of sense now Smiling Face with Open Mouth
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