As a server you carn $30000 per year, including tips. Someone offers you a new job...

 

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As a server you carn $30000 per year, including tips. Someone offers you a new job as an economic consultant, which pays $100.000 per year. To be a consultant, you'll need to rent an office, purchase supplies, and buy new computer equipment. Which of the following can we conclude? Choose one: O A. If the explicit cost for the consulting job is $20,000 per year, your economic profit is equal to $80,000. O B. If the explicit cost for the consulting job is $25,000 per year, your economic profit is equal to $45000. • C.If the explicit cost for the consulting job is $30,000 per year, your accounting profitis equal to $40000. O D. If the explicit cost for the consulting job is $20,000 per year, your accounting profitis equal to $50000. As a server you carn $30000 per year, including tips. Someone offers you a new job as an economic consultant, which pays $100.000 per year. To be a consultant, you'll need to rent an office, purchase supplies, and buy new computer equipment. Which of the following can we conclude? Choose one: O A. If the explicit cost for the consulting job is $20,000 per year, your economic profit is equal to $80,000. O B. If the explicit cost for the consulting job is $25,000 per year, your economic profit is equal to $45000. • C.If the explicit cost for the consulting job is $30,000 per year, your accounting profitis equal to $40000. O D. If the explicit cost for the consulting job is $20,000 per year, your accounting profitis equal to $50000.

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Solution Accounting profit revenue expli... View the full answer