Question: Home Insert Deaw Design Loyourt Reerences Malings eview View Hep Desin Layout Question 3 Suppose …

30 Apr Question: Home Insert Deaw Design Loyourt Reerences Malings eview View Hep Desin Layout Question 3 Suppose …

Posted at 19:13h in 2Past Paper by Exams

Home Insert Deaw Design Loyourt Reerences Malings eview View Hep Desin Layout Question 3 Suppose Professor Mary spends $1,000 per year on tax supplies and Cube Smart storage space. She recently received two job offers from a XYZ marketing firm- one offer were for $60,000 per year, and the other was for $50,000. However, she turned both jobs down to continue her tax preparation business and storage firm. If Donald sells 10 paintings per year at a price of $900 each: a. What is her total revenue? R-10 paintings $900 each- $9000 total revenue b. What are her accounting profits? Pacs $9,000-$1,000 (expenses)- $8,000 c. What are her economic profits? Show your work! d. Which ty pe of profit (accounting or economic profit) reflects the best use of he time? Explain TOS

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