In late November of 2010, a share of Microsoft sold for about $25 and a share of McDonald's sold for about $80. In late June of 2011, Microsoft shares were about $26 and McDonald's shares were about $85. If these two companies were the only choices available, what is your economic profit if you invest $400 in Microsoft?
A) -$25
B) -$9
C) $9
D) $16
Correct Answer:
Verified
Q54: Which of the following is an example
Q55: Figure: Elastic Demand Q56: When opportunity cost is positive, economic profit Q57: Tom opens a sandwich shop; which of Q58: Stock market investors should ultimately focus on Q60: To maximize profit, a firm in a Q61: Julius builds dining chairs that he sells Q62: To maximize profits, firms produce the level Q63: Total revenue is equal to: Q64: Firm profit is defined as:
A) price minus
A) total revenue
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