Question

A young thomas edison makes 20 light bulbs a week in his dorm room. the parts for each light bulb cost $2.00. he sells each light bulb for $5.00. general electric offers thomas an executive job that pays $50.00 a week. thomas's weekly economic profit from making light bulbs is equal to:

Answer 1

$10.00 is the answer.

20 x $2 = $40

20 x $5 = $100

$100 - $40 = $60

$60 - $50 = $10

Answer 2

$10.00      .......................