Monik is thinking of starting her own bakery where she anticipates selling 50 cakes each month at an average price of $80. She would have to leave her position as manager of a small restaurant where her salary is $2000 per month and start up expenditures for her new bakery would be $1500 per month.

Determine Monik's anticipated monthly income. Publish your work. Determine Monik's anticipated monthly economic and accounting profits. Publish your work. Determine the typical accounting profit per cake for Monik.