Robert's current job pays an annual salary of $35,000. He also has $50,000 invested in mutual funds that pays $500 annually. Robert's friend tells him of this great business venture that will will generate $86,000 in revenue. The business will cost $50,000 to set up and so Robert would have to sell his mutual funds and quit his job to start the business. What is the Roberts economic profit from the business venture? Question 4 options: 500 36,000 50,500 0

Answer rating: 100% (QA)

To calculate Roberts economic profit from the business venture we need to compare the total r... View the full answer