Harvey develops gaming apps from home instead of working as an engineer and earning $50,000 a year.He has invested $20,000 to upgrade to the hardware that he needs and estimates his expenses at $17,000 a year.If downloads generate $50,000 in revenue during the first year,then his business _____
A)has an accounting profit but an economic loss.
B)has an accounting loss and an economic profit.
C)has both accounting and economic profits.
D)has both an accounting and an economic loss.
E)has a normal profit.

Question

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The Answer of Harvey develops gaming apps from home instead of working as an engineer and earning $50,000 a year.He has invested $20,000 to upgrade to the hardware that he needs and estimates his expenses at $17,000 a year.If downloads generate $50,000 in revenue during the first year,then his business _____
A)has an accounting profit but an economic loss.
B)has an accounting loss and an economic profit.
C)has both accounting and economic profits.
D)has both an accounting and an economic loss.
E)has a normal profit.

Harvey Develops Gaming Apps from Home Instead of Working as an Engineer