Answer:
a. $50, $10
Step-by-step explanation:
The accounting result would be explicit income and expenses:
60 sales and 10 cost of the ingridients = 50 dollar gain
While the economic result will also consider implicit cost. Which is the opportunity cost. This is the amount of revenue that could be generated for the factor in other alternative.
In this case we have a 50 dollar gain less the 40 dollar we coudl have earned doing the other job the economic gain is 10 dollars