all 4 please

1. For each of the following, give an example of what might be used to find the opportunity cost and explain why (a) Cash in the bank (b) Your time /labor (c) Farmland you own (d) Buying a new truck e) A house you own near campus (f) Studying on a Friday night 2. Why is it useful to calculate both accounting profit and economic profit? 3. Which of the following would be included in accounting profit and/or economic profit? Explain why (8) Revenue from beef sold $150,000 (b) Revenue from almonds sold $30,000 (c) Revenue from walnuts that would have been planted if almonds had not $40,000 (d) Rent that would have been received if grazing land had been rented out $10,000 (@) Production cost of beef $20,000 (f) Production cost of almonds: $10,000 (8) Salary at the best job you could have otherwise worked: $60,000 4. Calculate the accounting cost and the economic cost from the previous