Suppose that a small business takes in monthly revenue of 100,000 ...

[serike]

Suppose that a small business takes in monthly revenue of 100,000 . Labor, rental, energy, and other purchased input costs are 70,000 . The owner/entrepreneur could earn 5,000 per month in another job, and the owner/entrepreneur could get a return of 5,000 each month if she sold her business and invested the net proceeds in a financial asset, such as a treasury bond. Which of the following correctly describes her monthly economic profit?
 a. 100,000.
  b. 90,000.
  c. 70,000.
  d. 30,000.
  e. 20,000.

Question 2

Identify an example of a flow variable.
 a. The volume of the federal government's debt
 b. The population of a country in a particular year
 c. The total amount of an individual's wealth
 d. The amount of sales tax collected per year
 e. The total amount of unemployment in an economy

[Loise Hard]

Answer to Question 1

c

Answer to Question 2

d

[serike]

YES! Correct, THANKS for helping me on my review

[sarah_brady415]

Thanks for the timely response, appreciate it