4 Last year Alice worked as a consultant. She hired an
administrative assistant for $17,000 per year and rented office
space (utilities included) for $2,600 per month. Her total revenue
for the year was $105,000. If Alice hadn’t worked as a consultant,
she would have worked at a real estate firm earning $40,000 a year.
Last year, Alice's accounting profit was ______ and her economic
profit was ______. A. $88,000; $65,000 B. $73,800; −$40,000 C.
$85,400; $62,400 D. $56,800; $16,80
4 Last year Alice worked as a consultant. She hired an administrative assistant for $17,000 per year and rented office s
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am