Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince

تمرين 20

Jaynet spends $30,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm-one offer was for $110,000 per year, and the other was for $80,000. However, she turned both jobs down to continue a painting career. If Jaynet sells 25 paintings per year at a price of $8,000 each
a. What are her accounting profits?
b. What are her economic profits?