Your phone stopped working and you use your phone for calls, texting and checking emails. You went to the store to buy a cheap phone that just serves your needs but ended up buying a $1500 top of the line phone that does way more than what you need and also is very stylish. What need did the new phone satisfy

Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?