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4 Harvey quit his job at State University, where he earned $45,000 a year He figures his entrepreneurial talent or forgone entrepreneurial income to be
4 Harvey quit his job at State University, where he earned $45,000 a year He figures his entrepreneurial talent or forgone entrepreneurial income to be $5,000 a year. To start the business, he cashed in $100,000 in bonds that earned 10 percent interest annually to buy a software company, Extreme Gaming In the first year, the firm sold 11,000 units of software at $75 for each unit Of the $75 per unit, $55 goes for the costs of production, packaging, marketing, employee wages and benefits, and rent on a building The total revenues of Harvey's firm in the first year were eBook Multiple Choice O $220.000 O $105,000 O $605,000 O $825.000
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