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Emily recently graduated with a B.A. in economics and was offered a job with a small but growing company for $36,000 per year. About the
Emily recently graduated with a B.A. in economics and was offered a job with a small but growing company for $36,000 per year. About the same time, Emily inherited $55,000. She decided to pass up the job and use her inheritance to purchase a bubble tea shop rather than put the money into a bond fund (as her uncle suggested), which would have paid 5 percent per year interest. Emily works full-time at her new business, and at the end of the year she had revenues of $75,000 and total explicit costs of $40,800. a. What was Emily's accounting profit or loss for the year? Accounting [ (Click to select) v|: $ b. What was her economic profit or loss for the year? Economic [ (Click to select) v|: $
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