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Portia is graduating from dental school and has a job offer with a salary of $160,000 from a chain of dental clinics. However, she wants
Portia is graduating from dental school and has a job offer with a salary of $160,000 from a chain of dental clinics. However, she wants to set up her own dental practice instead. To do this, she would need to invest her own funds in new equipment that would cost $120,000funds that have been earning her a return of 10% per year. Portia estimates that her practice would have revenue of $270,000 per year and she would rent an office for $2000 a month and would pay an assistant $60,000 per year and herself $120,000 per year. What would Portia's economic profit be if she sets up her own practice? Question 7 options: $54,000 $14,000 -$94,000 -$66,000
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