Joshua is a youth basketball coach. He earns $60,000 per year. He also owns and rents out a small store for extra income of $60,000 a year. However, he is tired of coaching and wants open up a Boba shop. He would have to kick out his tenants so he can use the space for his Boba shop. His expenses at the boba shop would be $100,000 per ingredients and hiring a worker. He also would pay $20,000 per year in insurance. He would make $180,000 in revenues. What are his total implicit costs if he opens the boba store? O $240,000 O $60,000 O $160,000 O $120,000 O - $60,000 O $220,000 O $80,000 O $60,000Vyom has a lemonade stand selling premium lemonade. Here is some cost data based on cups sold ... There are multiple questions based on this data so take a minute to figure things out # cups (Q) TVC MC AVC TFC TC ATC O n/a n/a n/a 10 2 9 3 24 40 4 18 5 13 What is MC when Q = 3? 0 6 OO 0 2 O 10 O 12 O. 8The payoff matrix below is for two coffee shops competing against each other on the Foothill campus: Peter's coffee and Stardollar coffee. They each must choose whether or not to put up a billboard advertisement in the library quad. The numbers show expected change in profits (in $thousands) depending on their decision and there is perfect information (everyone knows these payoffs). IF they both play their dominant strategy (assuming the each have one), what is the total collective profit? Stardollar Buy Billboard Don't buy Billboard S = 3 S = 2 Buy Billboard Peter's coffee P = 3 P = 8 S = 6 S = 4 Don't buy Billboard P = 1 P = 4 O Neither has a dominant strategy 07 O 10 06 0 8 O Peters has a dominant strategy but Stardollars does not have a dominant strategy O Stardollars has a dominant strategy but Peter's does not have a dominant strategyJoshua is a youth basketball coach. He earns $60,000 per year. He also owns and rents out a small store for extra income of $60,000 a year. However, he is tired of coaching and wants open up a Boba shop. He would have to kick out his tenants so he can use the space for his Boba shop. His expenses at the boba shop would be $100,000 per ingredients and hiring a worker. He also would pay $20,000 per year in insurance. He would make $180,000 in revenues. What are his accounting profits if he opens the boba store? O $220,000 O $60,000 O - $60,000 O $80,000 O $160,000 $120,000 $240,000 $60,000