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Harvey quit hisjob at State University, where he earned $50,000 a year. He gures his entrepreneurial talent orforgone entrepreneurial income to be $?,000 a year.

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Harvey quit hisjob at State University, where he earned $50,000 a year. He gures his entrepreneurial talent orforgone entrepreneurial income to be $?,000 a year. To stan the business, he cashed in $80,000 in bonds that earned 10 percent interest annually to buy a software company, Extreme Gaming. In the rst year, the firm sold 12,000 units of software at $?0 for each unit. Ofthe $7\") per unit, $52 goes for the costs of production, packaging, marketing, employee wages and benets, and rent on a building. The explicit costs of Harvey's rm in the first year were Multiple Choice O $216,000. O $624,000. O $151,000. O $840,000

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