Question
Harry Potter gave up his job as Auror, making the equivalent of $100,000 US Dollars, to go help his friend Hagrid with exotic animal finding.
Harry Potter gave up his job as Auror, making the equivalent of $100,000 US Dollars, to go help his friend Hagrid with exotic animal finding. In order to go on the trip, he needed a new Nimbus 5000 at a cost of $6,000 and a few potions that he purchased for $4,000. He also converted an apartment he owned and was renting to Ron Weasley for $20,000/yr into an exoitc animal storage area/sancutary.
In addition to the captuer of many magical creatures, Harry found a rare short-snout Swedish dragon egg on his adventure, which he sold for $500,000.
What is Harry's accounting profit? What is Harry's economic profit?
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