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Estate firm earning an annual salary

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Reference no: EM131988154

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?

Reference no: EM131988154

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