answer 1 then 2.

a) With a drawing show economic activity b) Your firm has discovered a cheap and efficient technology of turning used plastic bottles and bags into various products. You limit your attention to the following two production opportunities: you can produce plastic utensils or helmets for Boilermakers' fans. In the first case your estimated annual revenue is $25,000, while the production will cost you $8,000. However, in your second option, you expect to sell 2000 helmets every year at $10 each, and the average total cost of every helmet will be $2. a. Which production opportunity will you choose and why? b. If you do so, what will be your economic profit