Given the information that follows,how much is the Foley family business's (a)accounting profits? (b)Economic profits? Sales: $4 million;total costs: $3.7 million;return they could have earned elsewhere: $80,000;wages the family members could have earned doing the same work for another firm: $250,000.

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The Answer of Given the information that follows,how much is the Foley family business's (a)accounting profits? (b)Economic profits? Sales: $4 million;total costs: $3.7 million;return they could have earned elsewhere: $80,000;wages the family members could have earned doing the same work for another firm: $250,000.

Given the Information That Follows,how Much Is the Foley Family