Question

Emily recently graduated with a B.A. in
economics and was offered a job with a small
but growing
company for $38 400 per year. About the
same time, Emily inherited $60 000. She
decided to pass up the
job and use her inheritance to purchase a
bubble tea shop rather than put the money
into a bond fund (as
her uncle suggested), which would have paid
5 percent per year interest. Emily works full-
time at her new
business, and at the end of the year she had
revenues of $81 000 and total explicit costs of
$42 000.
a. What was Emily's accounting profit or loss
for the year?
b. What was her economic profit or loss for
the year?​

Answer 1

Answer:

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Explanation:

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