Last year, Aria left her job earning $80,000 per year in order to start her own cupcake business. Her expenses included rent of $1,500 per month, as well as $500 per month in supplies and utilities. She hired two workers at $1000 per month for each. She didn't want to rent a professional oven so she purchased one for $6500. She expects it to depreciate at a rate of $1000 per year. Over the course of the year, Aria sold 125,000 cupcakes with a revenue of $125,000. Aria is business savvy and knows she must control her costs in this market with so many firms, easy entry and differentiated products. Therefore, she will only operate at a her profit-maximizing or loss- minimizing level of output. (25 Points) If you are tempted to google these answers, be forewarned that the answers online (illegally disseminated and violating copyright laws) were provided by students who, judging by the responses given, did less than stellar in this course. If you still want to proceed, know that you will have to paraphrase already "bad" responses in your own words and thus making it even easier for me to spot cheating. a. Total explicit costs for the year are: b. Total implicit costs for the year are: c. Total fixed costs for the year are: d. Total variable costs for the year are: e. Average total costs for the year are: 1. Total accounting costs for the year are: g. Total economic costs for the year are: h. Since you can't draw it, briefly describe how her demand curve looks. i. Since you can't draw it, briefly describe how her MR curve looks and where would you draw it. J. What price will she charge? k. Is she earning a profit? If so, how much? If not, should she shut down.........why or why not? Please number your answers according to the number or letter provided in each