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Desmond works as an accountant making $140,000 per year. He is considering leaving his job to open an artisanal cheese shop. He estimates that he
Desmond works as an accountant making $140,000 per year. He is considering leaving his job to open an artisanal cheese shop. He estimates that he will need to spend $30,000 per year on space, $10,000 per year on supplies and $60,000 per year on staff. The shop will earn will earn $180,000 per year in revenue. Assuming his estimates are accurate, what will Desmond's accounting profit be? Assuming his estimates are accurate, what will Desmond's economic profit be? Please enter your solution without commas, dollar signs, or cents
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