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Gomez runs a small pottery firm.he hires one helper at S14,500 per year, pays annual rent of $7,500 for his shop and spends $18000 per
Gomez runs a small pottery firm.he hires one helper at S14,500 per year, pays annual rent of $7,500 for his shop and spends $18000 per year on materials. He has $40000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could earn him 55000 per year if alternatively invested. He has been offered S23000 per year to work as a porter for a competitor.he estimates his entrepreneurial talents are worth $6000 per year. Total revenue from pottery sales is $86,000. Calculate the accounting profit and the economic profit for Gomez's pottery firm
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