(Answered) Chris was the business manager for a real estate firm

Engineering

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?

View complete question

Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M92817615
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Computer Engineering

What outside resources are available to assist technology

What outside resources are available to assist technology managers in the implementation and maintenance process of IT governances? Outline two resources.

What are impacts that flexible work schedules can have on a

What are impacts that flexible work schedules can have on a employee's productivity?

Configuring name resolutionas the administrator of the

Configuring Name Resolution As the administrator of the Contoso Corporation, you manage an internal website that is often used by most users with the company. You try to connect to an internal website but cannot open the ...

When talking about economics and the history of it for the

When talking about Economics and the history of it. For the past recessions the U.S. has had, do we look at it mostly on the loan side of the banks or what causes most recessions?

Question a topic related to database securityyou must pick

Question: A topic related to Database Security. You must pick one topic after reading at least 5 articles. You must provide a list of those articles you read and you must annotate each one. That is, you must write at lea ...

A substring is a contiguous sequence of characters from a

A substring is a contiguous sequence of characters from a string. For example, "cde" is a substring of the string "abcdefg". We say that substring s1 is duplicated in string s if s1 shows us in s at least two times, with ...

Assignment week 5 bugs vs feature requeststhere is no such

Assignment: Week 5 Bugs vs. Feature Requests There is no such thing as a bug-free IT project. Because bugs are a fact of IT project life, IT project managers must articulate a process for identifying, tracking, and handl ...

Albert hoffmans wife has an ipod shuffle with five songs in

Albert Hoffman's wife has an iPod shuffle with five songs in her library: November Rain by Guns 'N Roses Ain't No Mountain High Enough by Nicholas Ashford and Valerie Simpson Call Me Maybe by Carly Rae Jepsen Rainbow ...

Jason who is very knowledgeable regarding computers agrees

Jason, who is very knowledgeable regarding computers, agrees to purchase computers for Nick's business. Jason is retained for that purpose only, he is paid a set rate for the job, and Nick exercised no control over the m ...

Study the information given below and answer the

Study the information given below, and answer the questions. For a long time, the Royal Victoria Hospital (RVH) worked with an information system that consisted of a mix of paper-based files and small independent databas ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Computer Engineering Expert