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Question
Laura leaves her job as an accountant, where she earns $80,000 per year, to start her own business. After the first year, her business earns a profit of $60,000. How would an economist describe the profitability of Lauras career change?
a. Laura had a profit of $140,000.
b. Laura had a loss of $20,000.
c. Laura had a profit of $20,000.
d. Laura had a profit of $60,000.
e. Laura had a loss of $80,000.
Answer
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Related questions
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