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Wk 3 - Apply: Summative Assessment: Elasticity, Consu... Saved Help Barney decides to quit his job as a corporate accountant, which pays $13,000 a month,

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Wk 3 - Apply: Summative Assessment: Elasticity, Consu... Saved Help Barney decides to quit his job as a corporate accountant, which pays $13,000 a month, and goes into business for himself as a certified public accountant. He runs his business from his converted garage apartment, which he could rent out for $310 a month if he wasn't using it as a home office. He must purchase office supplies worth $75 a month, and his monthly electricity bill has increased by $50 now that he is working out of his home office. 6 After six months of working from home, Barney has earned an average of $15,000 per month. points Instructions: Enter your answers as a whole number. eBook a. What are Barney's average monthly accounting profits? References $ 14875 b. What are Barney's average monthly economic profits? $ 14565

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