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Sofia owns a firm with annual revenues of $ 1 , 0 0 0 , 0 0 0 . Wages, rent, and other costs are

Sofia owns a firm with annual revenues of $1,000,000. Wages, rent, and other costs are $900,000.
Calculate Sofias accounting profit.
Suppose that instead of being an entrepreneur, Sofia could get a job with one of the following annual salaries (i) $50,000; (ii) $100,000; or (iii) $250,000. Assume that a job would be as satisfying to Sofia as being an entrepreneur. Calculate Sofias economic profit under each of these scenarios.

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