Question
3. (This is a simplified question that you must answer; the answer insufficient information is unacceptable.) Alice is a stuntwoman who earns $100,000 per
3. (This is a simplified question that you must answer; the answer "insufficient information" is unacceptable.) Alice is a stuntwoman who earns $100,000 per year. She is considering quitting her job and instead spending the same amount of time on a social media presence about stunts-Instagram, Youtube, Tik Tok, etc. She projects that her social media presence will bring in $125,000 per year in revenue and have $50,000 per year in expenses. (Expenses include Alice's spending on travel, equipment, software, etc. related to creating her social media presence.) Answer the questions below a. Calculate the yearly accounting profits from Alice's social media presence, assuming that Alice's revenue and cost projections for her social media presence are accurate b. Calculate the yearly economic profits from Alice's social media presence, assuming that Alice's revenue and cost projections for her social media presence are accurate I c. Should Alice quit her job and spend full time creating a social media presence? Explain why or why not, and use your calculations above in your explanation. (This is a simplified question that you must answer; the answer "insufficient information" is unacceptable.)
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