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17 Harvey quit his job at State University, where he earned $50,000 a year. He figures his entrepreneurial talent or forgone entrepreneurial income to be

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17 Harvey quit his job at State University, where he earned $50,000 a year. He figures his entrepreneurial talent or forgone entrepreneurial income to be $7,000 a year To start the business, he cashed in $80,000 in bonds that earned 10 percent interest annually to buy a software company. Extreme Gaming. In the first year, the firm sold 12,000 units of software at $70 for each unit Of the $70 per unit, $52 goes for the costs of production, packaging, marketing, employee wages and benefits, and rent on a building. The Implicit costs of Harvey's firm in the first year were eBook Multiple Choice O $216,000 O $65.000. $151000 O $840,000

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