Andreas is a political consultant with his own firm.He travels the country and provides campaign advice for political candidates.Last year he earned $250,000 in revenue for his services.He pays one employee $50,000 to manage the small office back home and pays $25,000 on rent and utilities for that office.Andreas owns computing and office equipment that depreciated by $5,000 last year.His accountant tells him that if he were to sell all of the equipment, he could put that money in the bank and earn $3,000 in interest next year.Bill also has received an offer to teach political science at a college at a salary of $100,000.Bill's accounting profit is equal to and his
economic profit is equal to _.
A.$175,000; $67,000
B.$170,000; $67,000
C.$200,000; $72,000
D.$170,000; $70,000

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The Answer of Andreas is a political consultant with his own firm.He travels the country and provides campaign advice for political candidates.Last year he earned $250,000 in revenue for his services.He pays one employee $50,000 to manage the small office back home and pays $25,000 on rent and utilities for that office.Andreas owns computing and office equipment that depreciated by $5,000 last year.His accountant tells him that if he were to sell all of the equipment, he could put that money in the bank and earn $3,000 in interest next year.Bill also has received an offer to teach political science at a college at a salary of $100,000.Bill's accounting profit is equal to and his
economic profit is equal to _.
A.$175,000; $67,000
B.$170,000; $67,000
C.$200,000; $72,000
D.$170,000; $70,000

Andreas Is a Political Consultant with His Own Firm