Chris was the business manager for a real estate firm earning an annual salary of $45,000 Then Chris

Chris was the business manager for a real estate firm earning an annual salary of $45,000 Then Chris decided to become a consultant Chris hired an administrative assistant at $20,000 per year and rents office space (utilities included) for $3,000 per month Chris earned $150,000 in total revenue the first year

Q1 chris’s economic profit is?

Q2 chris’s normal profit?

 

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