1.4 Last year Alice worked as a consultant. She hired an administrative assistant for $17,000 per...

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1.4 Last year Alice worked as a consultant. She hired an administrative assistant for $17,000 per year and rented office space (utilities included) for $2,600 per month. Her total revenue for the year was $105,000. If Alice hadn't worked as a consultant, she would have worked at a real estate firm earning $40,000 a year. Last year, Alice's and her economic profit was accounting profit was A. $88,000; $65,000 B. $73,800; -$40,000 C. $85,400; $62,400 D. $56,800; $16,800 1.4 Last year Alice worked as a consultant. She hired an administrative assistant for $17,000 per year and rented office space (utilities included) for $2,600 per month. Her total revenue for the year was $105,000. If Alice hadn't worked as a consultant, she would have worked at a real estate firm earning $40,000 a year. Last year, Alice's and her economic profit was accounting profit was A. $88,000; $65,000 B. $73,800; -$40,000 C. $85,400; $62,400 D. $56,800; $16,800

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Explicit cost Assistant hired 17000 Rent cost 260012 31200 ... View the full answer