Jaynet spends $20,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm-one offer was for $100,000 per year, and the other was for $90,000. However, she turned both jobs down to continue a painting career. If Jaynet sells 20 paintings per year at a price of $10,000 each;A. What are her accounting profits?;B. What are her economic profits?
Paper#28925 | Written in 18-Jul-2015Price : $22