The Environmental Protection Agency (EPA) cannot reach a target level of pollution through the use of pollution permits

When a large, well-known corporation wishes to borrow directly from the public, it can

a. sell bonds. b. sell shares of stock. c. go to a bank for a loan. d. All of the above are correct.

Debbie was earning $100,000 a year working as a scientist for a drug company. She decided to start her own business that conducted drug trials. She estimates this entrepreneurial talent or forgone entrepreneurial income to be $10,000 a year. She used

$500,000 in savings that earned 5 percent interest annually to finance the new business. In the first year, the firm earned revenue of $1,500,000. The costs for rent, supplies, and employees’ salaries were $1,100,000. What was the accounting profit for the new business? What was the economic profit (or loss)? Explain your calculations for both questions. Please provide the best answer for the statement.