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1) Emily recently graduated with a B.A in economics and was offered a job with a small but growing company for $40,000 per year. About

1) Emily recently graduated with a B.A in economics and was offered a job with a small but growing company for $40,000 per year. About the same time ,Emily inherited $62000. She decided to pass up the job and use her inheritance to purchase a bubble tea shop rather than put the money into a bond fund (as her uncle suggested) which have paid 6 percent per year interest. Emily works full -time at her new business,and at the end of the year she has revenue of $83000 and total explicit costs of $41000a) what was Emily accounting profit and loss for the year? b) what was her economic profit or loss for year ?Please give full illustration They are two different questions

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Complete the table below for Bannister Inc. Round your answers to 2 decimal places Number of Total Average Marginal workers led Product Product Product 1 2 2 6 OK W 4.00 4 18 20 b. How many workers are being used when the point of diminishing returns is first apparent? workers c. How many workers are being used when total product is at a maximum? workers d. What is the most productive output? units

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