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Home Q & A Board Other Fields Homework Help Business Economics
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Ryanteck Ryanteck
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6 years ago
You use $50,000 of your own money to start a catering business. During the first year you earn a 5% return on that investment. If the current interest rate is 8%, you earn an economic profit of
A) -$4,000.
B) -$2,500.
C) -$1,500.
D) $4,000.
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Akshtsaklani21Akshtsaklani21
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6 years ago
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Ryanteck Author
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6 years ago
Correct Slight Smile TY
mikeh209
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Yesterday
You make an excellent tutor!
kamikazekota
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2 hours ago
Brilliant ツ
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