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Jaynet spends $20,000 per year on painting supplies and storage space.She recently received two job offers from a famous marketing firm - one offer was
Jaynet spends $20,000 per year on painting supplies and storage space.She recently received two job offers from a famous marketing firm - one offer was for $105,000 per year, and the other was for $85,000.However, she turned both jobs down to continue a painting career. If Jaynet sells 35 paintings per year at a price of $6,000 each:
a. What are her accounting profits?
$
b. What are her economic profits?
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