Author Question: James used 200,000 from his savings account that paid an annual interest of 10 to purchase a ... (Read 60 times)

Lisaclaire · **on:** Jul 1, 2018

James used 200,000 from his savings account that paid an annual interest of 10 to purchase a hardware store. After one year, James sold the business for 300,000 . His economic profit is:
a. 300,000
b. 100,000
c. 80,000
d. 20,000

Question 2

You own two different energy drink brands: Blue Cow and 600 minute energy.. If you reduce the price on Blue Cow, sales of 600 minute energy would
a. Increase
b. Decrease
c. Not change
d. None of the above