Jacqui decides to open her own business and earns $50,000 in accounting profit the first year. When deciding to open her own business, she withdrew $20,000 from her savings, which earned 5 percent interest. She also turned down three separate job offers with annual salaries of $30,000 . $40,000 . and $45,000 . What is Jacqui's economic profit from running her own business?

Negative autocorrelation in the change of a variable implies that

A) the variable contains only negative values. B) the series is not stable. C) an increase in the variable in one period is, on average, associated with a decrease in the next. D) the data is negatively trended.

People maximize utility when they make the choices that provide the highest level of satisfaction

a. True b. False Indicate whether the statement is true or false