Last Year Christine Worked as a Consultant

Multiple Choice

Last year Christine worked as a consultant. She hired an administrative assistant for $15,000 per year and rented office space (utilities included) for $3,000 per month. Her total revenue for the year was $100,000. If Christine hadn't worked as a consultant, she would have worked at a real estate firm earning $40,000 a year. Last year, Christine's accounting profit was ________ and her economic profit was ________.

A) $100,000; $64,000
B) $64,000; $49,000
C) $49,000; $9,000
D) $9,000; 0