Th Final Examination (page 2 of 13) - Google Chrome X moodle.icmanitoba.ca/mod/quiz/attempt.php?attempt= 188875&cmid=147109&page=1 icm ICM O c. monopolists will be more efficient than competitors. O d. price discrimination is not possible. Clear my choice Question 9 Harvey quit his job where he earned $45,000 a year. He figures his entrepreneurial talent or foregone entrepreneurial income to [INVIGILATOR] Sidhant Sharma Not yet 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 answered 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 Marked out of unit, $55 goes for the costs of production, packaging, marketing, employee wages and benefits, and rent on a building. 1.00 Flag question The economic profit in the first year was: Select one: O a. $160,000. O b. $220,000. O c. $50,000. O d. $70,000. Question 10 The total fixed cost for this firm: Not yet answered Total cost Marked out of $1,400 Total 1.00 1,200 revenue 1,000 Flag question 2:29 AM Type here to search O 4/20/2022