This past year, Noah sold 50,000 ice cream cones at a price of $2.00 each. His only costs were from ingredients, for which he paid $25,000 in total. At the beginning of the year, Noah was offered a position at the pet store that would pay $90,000 for the year. Which of the following pairs represent Noah’s accounting and economic profits for working at the ice cream stand?

This past year, Noah sold 50,000 ice cream cones at a price of $2.00
each. His only costs were from ingredients, for which he paid $25,000
in total. At the beginning of the year, Noah was offered a position at
the pet store that would pay $90,000 for the year. Which of the
following pairs represent Noah’s accounting and economic profits for
working at the ice cream stand?