Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location and buy the stock. In addition, she would have to quit her $50,000 per year job as an accountant. Your aunt’s opportunity costs comprise * If your aunt thought she could sell $510,000 worth of merchandise in a year, what is your aunt’s accounting profit? * $10,000 -$40,000 $460,000 $0 Given the above situation, what is your aunt’s economic profit? * $10,000 -$40,000 $460,000 $0

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