Refer to Scenario 7.1 below to answer the question(s) that ...

[misspop]

Refer to Scenario 7.1 below to answer the question(s) that follow. 

SCENARIO 7.1: You are the owner and only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue of $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a return of $40,000 a year. 





Refer to Scenario 7.1. Your economic profit last year was

◦ -$40,000.
◦ -$10,000.
◦ $10,000.
◦ $30,000.

[cuttiesgirl16]

-$10,000.

[misspop]

Thank you!

[cuttiesgirl16]

Always glad to help...