As a server you earn $30000 per year, including tips. Someone offers you a new job as an economic consultant, which pays $100,000 per year. To be a consultant, you'll need to rent an office, purchase supplies, and buy new computer equipment. Which of the following can we conclude?
(A) If the explicit cost for the consulting job is $20,000 per year, your economic profit is equal to $80,000.
(B) If the explicit cost for the consulting job is $25,000 per year, your economic profit is equal to $45000.
(C) If the explicit cost for the consulting job is $30,000 per year, your accounting profit is equal to $40000.
(D) If the explicit cost for the consulting job is $20,000 per year, your accounting profitis equal to $50000.
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