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a year ago, you graduated from college and decided to pen your own computer software company, over the past year, your firm generated 500,000 in
a year ago, you graduated from college and decided to pen your own computer software company, over the past year, your firm generated 500,000 in revenue. you hired two software engineers and paid each of them 150,000 over the pasy year. you also purcahsed a computer equiptment that cost a ttoal of 30,000. to save money, you decided ti use the basement of your house for the business. previously, you had rented this space to a tentant for 6,000 per yera. instead of opening your own business, you could have goen to work for microsfot and earned 200,000 over the past year. A) what were your accounting profits of your firm over the past year? B) what were the economic profits of your firm over the past year? C) give this information you should or should not have launced your own business
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