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1. Lrvrwure as.) Theo sells baby rattles at $3 per unit and each month he sells EDD-[II units out ofthe back of his wagon in
1. Lrvrwure as.) Theo sells baby rattles at $3 per unit and each month he sells EDD-[II units out ofthe back of his wagon in the city park. Theo has no employees and estimates he could rent his wagon to another entrepreneur" for $2 each month. He also knows that he could earn about $S a month as a model. He pays $1 per unit for plastic, his only raw material. a. Calculate Theo's total monthly revenue. b. Calculate Theo's accounting profit Show your work. c. Calculate Theo's economic profit Show your work. d. Should Theo continue to sell his baby rattles in the park? Explain
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