Anthony quit his job where he was earning an annual salary of $48,000 to open his own business.  Annually, he will pay $18,000 for rent, $120,000 for wages, $36,000 for raw materials.  If he receives annual revenue of $230,000, then his accounting profit will be _____ and his economic profit will be _____.   a negative; negative b negative; positive c positive; negative d positive; positive

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A: a. Accounting profit = revenue - explicit cost  = 140000 - 130000 = 10000

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Q: what are her economic profits

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A:

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