9 (Scenario: Accounting and Economic Profit) Use Scenario: Accounting and Economic Profit. Scenario: Accounting and Economic Profit 1 points Save Answer Casey recently inherited $100,000 from her grandmother. Rather than invest the money in a mutual fund that earns 5% per year, she quit her job as a translator for the United Nations, which paid $60,000 per year, and started Casey's Coffee Crush, a small caf in Tribeca. The location she rented cost $20,000 for the year. The equipment, caf furniture, and coffee machines cost another $60,000. Staff, sales help, and advertising cost yet another $40,000. In her first year, her revenue was $150,000. What is the opportunity cost for Casey of using her $100,000 inheritance to start her business? O a. $10,000 Ob. $100,000 Oc. $0 O d. $5,000 Question 4 1 points Adam is an economist working at the Federal Reserve Bank of Boston. For Adam, the satisfaction an individual derives from the consumption of goods and services is BEST described as O a usefulness. Ob. utility. Oc happiness. d. opportunity cost Saved Question 2 1 points Save Answer (Table: Expected Exam Scores from Studying Microeconomics and Marketing) Use Table: Expected Exam Scores from Studying Microeconomics and Marketing. What is the marginal benefit of the first hour studying microeconomics? Table: Expected Exam Scores from Studying Microeconomics and Marketing Hours spent studying Micro result Marketing result 0 65 50 1 80 65 2 3 90 70 95 70 O a. 10 b. 15 Oc 30 Od.80