You are the owner and only employee of a company that sets odds for sporting events. Last year you earned a total revenue of $100,000. Your costs for rent and supplies were $50,000. To start this business you invested an amount of your own capital that could pay you a return of $20,000 a year. Your economic profit last year was:.
A) $10,000.
B) $30,000.
C) $50,000.
D) $60,000.
Answers: 2
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You are the owner and only employee of a company that sets odds for sporting events. Last year you e...
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