(a)Amy owns a photo developing shop. She also does contract photography. If she takes on a contract, she cannot develop photos in that time and her customers go to her competitors. Suppose Amy rejects a contract to photograph a wedding. This would have been a five-hour job and Amy charges $500 per hour. She spent those five hours developing photos. Her chemicals and paper cost $1250. She earned $3500 in sales.

(i)What is Amy's accounting profit from development photos?

(ii)What is Amy's economic profit from development photos?

Based on your answers in (i) and (ii), is it a wise decision for her to reject the contract to photograph a wedding?Explain your answer.