Jeff could start a Widgit business. If so$,$ he will spend $$20,000$ on materials and make $$80,000$ in revenue. If he doesn't start a Widgit business, he could either work as a server in a restaurant for $$45,000,$ or work as a greeter at Walmart for $$35,000.$ Jeff thinks all of these jobs are equally boring, and Jeff can only do ONE of the three things.

a$)$ What is Jeff's accounting profit of running the Widgit business?

b$)$ What is Jeff's economic profit of running the Widgit business?

c$)$ What will Jeff do$?$

d$)$Suppose all Widgits are the same, and anyone can start a Widgit business easily and cheaply.Suppose there are also a lot of people just like Jeff, with the same options, and suppose that wages for servers and Walmart greeters can't change. In the Widgit business, what will revenue eventually become?

e$)$ What will accounting profit eventually become?

f$)$ What will economic profit eventually become?