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Jose has a job making furniture. He is paid $40,000 a year. He is thinking about quiting his job to start his own business. His business would have revenue of $90,000 a year, and expenses of $60,000 a year Will he gain by making this change in his life? O Yes, he will gain because $90,000 is more than $40,000 O No, he will lose, because after he pays his expenses he would have a profit of only $30,000, which is less than the $40,000 he is paid working O We cannot know if he would gain or not, because we do not know the inflation rate O it does not matter if Jose gains or not. The only thing that matters is his feelings

Jose has a job making furniture. He is paid $40,000 a year. He is thinking about quiting his job to start his own business. His business would have revenue of $90,000 a year, and expenses of $60,000 a year Will he gain by making this change in his life? O Yes, he will gain because $90,000 is more than $40,000 O No, he will lose, because after he pays his expenses he would have a profit of only $30,000, which is less than the $40,000 he is paid working O We cannot know if he would gain or not, because we do not know the inflation rate O it does not matter if Jose gains or not. The only thing that matters is his feelings

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Jose has a job making furniture He is paid $40,000 a year. He is thinking about quiting his job to start his own business. His business would have revenue of $90,000 a year, and expenses of $60,000 a year Will he gain by making this change in his life? O Yes, he will gain because $90,000 is more than $40,000 O No, he will lose, because after he pays his expenses he would have a profit of only $30,000, which is less than the $40,000 he is paid working O We cannot know if he would gain or not, because we do not know the inflation rate. O it does not matter if Jose gains or not. The only thing that matters is his feelings. QUESTION 10 If income taxes are raised, then most people would probably work more because they love the govermment and want to make more money for the government O True O False QUESTION 11 Which of the following is a negative externality? Oa pollution Ob beautiful scenery OC food Od intelligence
Transcribed Image Text:Jose has a job making furniture He is paid $40,000 a year. He is thinking about quiting his job to start his own business. His business would have revenue of $90,000 a year, and expenses of $60,000 a year Will he gain by making this change in his life? O Yes, he will gain because $90,000 is more than $40,000 O No, he will lose, because after he pays his expenses he would have a profit of only $30,000, which is less than the $40,000 he is paid working O We cannot know if he would gain or not, because we do not know the inflation rate. O it does not matter if Jose gains or not. The only thing that matters is his feelings. QUESTION 10 If income taxes are raised, then most people would probably work more because they love the govermment and want to make more money for the government O True O False QUESTION 11 Which of the following is a negative externality? Oa pollution Ob beautiful scenery OC food Od intelligence
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