Answer to Question #5501 in Microeconomics for Bessie Allen

Question #5501

zach withrew $400,000 out of his personal savings and used to start a cookie business. Bank account pays 3 percent per year. First year of business Zach sold 6,000 boxes of cookies. Also the business made monetary outlays of $9,000. Assume there is no opportunity cost. a. $-494,000 b.$-6000 c. $6000 d. $12,000

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