Jill took

$$$$50$ comma $00050,000$

that she had in savings and started her own business. If left in$$ investments, she would have earned

$$$$5$ comma $0005,000$

this year. Jill also left a job that paid her

$$$$60$ comma $00060,000$

a year and plans on paying herself

$$$$40$ comma $00040,000.$

Materials and other labor costs will be

$$$$70$ comma $00070,000.$

The company is located in a building that Jill owns. She has an insurance and mortgage payment of

$$$$20$ comma $00020,000.$

She could have rented the building out for

$$$$30$ comma $00030,000.$

Part $2$

What are the accounting and economic$$ costs?

The accounting cost is

$$$$130,000130,000$

and the economic cost is

$$$$225,000225,000.$