# Microeconmoics problems - Essay Example

Summary
Question 1: a) Hiro’s accounting profit= total revenue - traveling and other expenses- depreciation of computer = 100000 – 550000 – 2000 = \$43000 Hiro earns an accounting profit of \$43000. b) Hiro’s economic profit= total revenue - traveling and other expenses- depreciation of computer- Interest forgone- salary forgone = 100000 – 55000 – 2000 – 100 – 50000 = (\$7100) Hiro earns an economic loss of \$7100…

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