Bessie wants to calculate the accounting and economic profits of her cattle farm in nebraska. she pays $30,000 per year in overhead, $80,000 in wages, and $20,000 in insurance. she forgoes $30,000 per year that she could make as a teacher. if her total revenue equals $140,000, that means her accounting profit is and her economic profit is

(i) $10,000

(ii) (-$20,000)

Explanation:

Revenue = $140,000

Explicit cost includes:

Overhead paid = $30,000

Wages paid = $80,000

Insurance paid = $20,000

Implicit cost includes:

Earning as a teacher = $30,000

Accounting profit = Revenue - Explicit cost

= 140,000 - (30,000 + 80,000 + 20,000 )

= $10,000

Economic profit = Accounting profit - Implicit cost

= 10,000 - 30,000

= (-$20,000)

going on the gulag might you to find a better answer for that problem

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

happy to

pls mark as brainliest