Jane decides to open her own business and earns $50,000 in accounting profit the first year

Economics Nov 21, 2020

Jane decides to open her own business and earns $50,000 in accounting profit the first year. When deciding to open her own business, she turned down three separate job offers with annual salaries of $30,000, $40,000, and $45,000. What is Jane's economic profit from running her own business?
a. $-55,000

b. $-5,000

c. $5,000

d. $20,000

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