An economist left her $100,000-a-year teaching position to work full-time in her own consulting business. In the first year, she had total revenue of $200,000 and business expenses of $100,000. She made a (n) : a. economic profit.
b. economic loss.
c. implicit profit ...
d. accounting loss but not an economic loss.
e. zero economic profit.
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Home » Business » An economist left her $100,000-a-year teaching position to work full-time in her own consulting business. In the first year, she had total revenue of $200,000 and business expenses of $100,000. She made a (n) : a. economic profit. b. economic loss.