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Barney decides to quit his job as a corporate accountant, which pays $16,000a month, and goes into business for himself as a certified public accountant.

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Barney decides to quit his job as a corporate accountant, which pays $16,000a month, and goes into business for himself as a certified public accountant. He runs his business from his converted garage apartment, which he could rent out for $320 a month if he wasn't using it as a home office. He must purchase office supplies worth $70 a month, and his monthly electricity bill has increased by $50 now that he is working out of his home office. After six months of working from home. Barney has earned an average of $18,000 per month. Instructions: Enter your answers as a whole number. a. What are Barney's average monthly accounting profits? $ b. What are Barney's average monthly economic profits

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