Gomez runs a small pottery firm. He hires one helper at $12000 per year, pays annual rent of $5000 for his shop and spends $20000 per year on materials. He has $40000 of his own funds invested in equipment that could earn him $4000 per year if alternatively invested. he has been offered $15000 per year to work as a potter for a competitor. He estimates his entrepreneurial talents are worth $3000 per year. Total annual revenue from pottery sales is $72000. calculate the accounting profit and economic for Gomez pottery firm.

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