A restaurant manager decided to open her own Italian restaurant in New York, in January 2021. Her salary and bonus where she worked was $400 000 p.a. in 2020 and she expected it to remain at that level in 2021. Her investment in the new restaurant was $3 000 000 which she financed from selling part of her share portfolio. She expected to earn a 10% return on her portfolio during 2021. The revenue from the restaurant in 2021 was $5 000 000. Operational costs such as food, staff salaries, and other expenses were $3 000 000. The rent for the year was$600 000. At the end of the year the market value of her kitchen equipment and fixtures and fittings in the restaurant, which cost $2 500 000 at the start of the year, was valued at $2 200 000. She did not take a salary from the business. Ignore taxes. a. What were the total economic costs of operating the restaurant in 2021-show all calculations ? b. What was the manager's economic profit from operating the restaurant during the year-show all calculations? c. Did she make the right decision, based on the first year's performance of her restaurant? Explain.