Consider an economy with three firms and a lot of consumers. The three firms are owned by Fran the farmer, Blake the butcher, and Reba the restauranteur. Each of them keep all profits for their business. This year Fran raised 500 beef cattle, which he sold to Blake for $2,500 each. Fran employed workers who earned $500,000 in wages. Blake butchered the meat and sold 15,000 pounds of steak to Reba for $12 per pound. He exported the rest of the beef (175,000 pounds) to Mexico for $8 per pound. The workers in Blake's shop earned wages totaling $80,000. Reba prepared the 15,000 pounds of steak and sold it to customers at her restaurant, who paid $20 per pound for a steak. Workers in Reba's restaurant earned wages of $120,000. Note that all workers are also consumers in this economy. To pair with their steaks, the consumers also imported red wine from France valued at $80,000. Show your work on all parts below! (a) (3 points) Calculate total value added for each of the three firms separately. (b) (3 points) Calculate total profits for each of the three firms separately. (c) (1 point) Calculate gross domestic product for this economy