1. Ana's Chicken has been operating continuously since Ana graduated from DLSU. Her former classmate, Andy, would like to buy her out and has made a standing offer of P10 million any time that Ana wants to sell. He is also willing to hire Ana for P500,000 a year if she sells out. Ana knows that she could earn 10 percent a year on the P10 million if she invests it wisely. At present, her revenues and costs per year are as follows: Total Revenue = P2,000,000 Total Money Outlay = P1,000,000 (wages, materials, utilities) a. What is Ana's explicit (accounting) cost per year? P1,000,000 b. Implicit cost per year given Andy's offer?P1,500,000 c. Total opportunity cost per year? P2,500,000 d. Accounting profit per year? P1,000,000 e. Economic profit per year? -P500.000 f. If her sole objective is to maximize her income, she should (accept, reject) Andy's offer. Accept