47) Suppose an assistant professor of finance is earning a salary of $100,000 per year. One day she quits her job and opens a bookstore. At the end of the year, she shows an accounting profit of $120,000 on her income tax return. What is her economic profit? A) $20,000. B) $100,000. C) $120,000. D) $220,000. 48) MLGW in Memphis is an example of A) a perfectly competitive firm B) a monopolistic competitive firm C) an oligopoly firm D) a monopoly firm. Table 2-3 shows the output per day of two countries, France and Germany. They can either devote their time to making cars or making computers. France Germany Table 15-3 Cars Computers 30 30 20 10 49) Refer to Table 15-3. Which of the following statements is true? A)France has an absolute advantage in computer production and should specialize in the production of computers and then trade. B) France has a comparative advantage in computer production and should specialize in the production of computers and then trade. C) Germany has an absolute advantage in computer production and should specialize in the production of computers and then trade. D)Germany has a comparative advantage in computer production and should specialize in the production of computers and then trade.