Maureen left her teaching job, which paid $30,000 per year, and invested $20,000 of her retirement fund (which was earning 10 percent interest) in a new real estate business. Her accountant predicted a $60,000 revenue the first year. Her husband, an economist, forecast her profit to be

A. $10,000.
B. $28,000.
C. $32,000.
D. $60,000.


Answer: B

Economics

You might also like to view...

Why are firms usually unwilling to lower nominal wages?

What will be an ideal response?

Economics

Statistical discrimination is when you take action to:

A. reveal private information about someone else. B. reveal one's own private information. C. find out the opportunity cost of acquiring more information. D. fill gaps in your information by generalizing based on observable characteristics.

Economics

Why are successful collusive oligopolies rather short-lived?

Economics

As the dollar price of a euro falls

A) U.S. residents will purchase fewer French imports. B) the quantity of euros supplied will increase. C) French goods will be less expensive to U.S. residents. D) French residents will increase their purchases of U.S. assets.

Economics