Caleb teaches economics at Yucky State University and is paid $50,000 per year. He also provides economic forecasts for local business for which he charges $100 per hour. Which of the following is true?
a. all of Caleb's income is salary
b. some of Caleb's income is salary and some is personal interest
c. all of Caleb's income is proprietor's income
d. some of Caleb's income is salary and some is proprietor's income
e. all of Caleb's income is personal interest
D
Economics
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Indicate whether the statement is true or false
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a. Yes because the NPV>0 b. Yes because the NPV=0 c. Need information on the marginal benefits and costs d. No because the NPV<0
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