Assume Brad worked as a contractor for a year and had revenues of ...

[Sufayan.ah]

Assume Brad worked as a contractor for a year and had revenues of 120,000 and explicit cost of 70,000 . If he could have been paid 80,000 working for a computer company, his:
 a. accounting profit equaled 10,000 and he would be rational to stop working as a contractor.
  b. accounting profit equaled 50,000 and he would be rational to continue working as a contractor.
  c. economic profit equaled 50,000 and he would be rational to continue working as a contractor.
  d. economic profit equaled -30,000 and he would be rational to stop working as a contractor.

Question 2

Yield on a bond refers to:
 a. the coupon-rate of the bond.
  b. the money earned by selling a bond.
  c. the return from a bond after its maturity.
  d. the difference between the face value of a bond and the bond price.
  e. the annual return until the bond matures.

[Kedrick2014]

Answer to Question 1

d

Answer to Question 2

e

[Sufayan.ah]

Gracias!

[irishcancer18]

Excellent