Answer:
The correct answer is B.
Explanation:
Giving the following information:
He gave up his $30,000 salary and invested his retirement fund of $50,000. After all expenses, his net winnings were $35,000.
The difference between economic profit and accounting profit is that the first one takes into account the opportunity cost. In this case, the cost of not perceiving the salary.
Economic profit= winnings - opportunity cost
Economico profit= 35,000 - 30,000= $5,000
