Ask Question
28 February, 17:51

2. Mr. Ahmed owns and operates a small business that provides economic consulting services. During the year he spends $ 55,000 on travel to clients and other expenses, and the computer that he owns depreciates by $ 2,000. If he didn't use the computer, he could sell it and earn yearly interest of $ 100 on the money created through this sale. Mr. Ahmed's total revenue for the year is $ 100,000. Instead of working as a consultant for the year, he could teach economics at a small local college and make a salary of $ 50,000.

i. What is Ahmed's accounting profit?

ii. What is Ahmed's economic profit?

+3
Answers (1)
  1. 28 February, 18:25
    0
    Hdbd d bdbd dbxjdbdbd nobody asked you
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “2. Mr. Ahmed owns and operates a small business that provides economic consulting services. During the year he spends $ 55,000 on travel to ...” in 📘 Engineering if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers