Suppose Ernie gives up his job as a financial advisor to P.E.T.S.,where he earned $30,000 per year,to open up a store selling pet-care products.He invested $10,000 in the store,which was originally savings that earned 5 percent interest.This year,the revenue from the new business was $50,000,and the explicit costs were $10,000.The accounting profit earned by Ernie was _____

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The Answer of Suppose Ernie gives up his job as a financial advisor to P.E.T.S.,where he earned $30,000 per year,to open up a store selling pet-care products.He invested $10,000 in the store,which was originally savings that earned 5 percent interest.This year,the revenue from the new business was $50,000,and the explicit costs were $10,000.The accounting profit earned by Ernie was _____

Suppose Ernie Gives Up His Job as a Financial Advisor