Jaynet Spends $30,000 Per Year

Jaynet Spends $30,000 Per YearJaynet Spends $30,000 Per Year

Jaynet spends $30,000 per year on painting supplies and storage space. Sherecently received two job offers from a famous marketing firm—one offerwas for $110,000 per year, and the other was for $80,000. However, sheturned both jobs down to continue a painting career. If Jaynet sells 25 paintingsper year at a price of $8,000 each

a. What are her accounting profits?

b. What are her economic profits?

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