11. Lola starts a consulting business for companies. She makes all the business decisions and bears the risk of running the business. Lola expects to receive: a. An income greater than your opportunity cost b. A utility or economic benefit c. A normal profit or profit d. An income greater than the capital investment
11. Lola starts a consulting business for companies. She makes all the business decisions and bears the risk of running the business. Lola expects to receive: a. An income greater than your opportunity cost b. A utility or economic benefit c. A normal profit or profit d. An income greater than the capital investment
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:11. Lola starts a consulting business for
companies. She makes all the business
decisions and bears the risk of running
the business. Lola expects to receive:
a. An income greater than your
opportunity cost
b. A utility or economic benefit
c. A normal profit or profit
d. An income greater than the capital
investment
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