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Laurent Laurent
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6 years ago
Tina wants to be a rock 'n' roll singer. She cashes in all of her bank accounts that were paying her 5% interest. She takes this $2,000 and spends it to produce a CD. Tina did not quit her day job at Roots. After one year her CD sales had earned $800 in economic profits. Tina's accounting profits are
A) - $1,200.
B) $800.
C) $900.
D) - $800.
E) $700.
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Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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martrekmartrek
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