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Please, could you help me with the questions in both the first and second picture? Thank you very much. (just as a side note, the

image text in transcribedimage text in transcribed

Please, could you help me with the questions in both the first and second picture?

Thank you very much.

(just as a side note, the economic profit is also needed in the first picture)

Thank you!

image text in transcribedimage text in transcribed
learning.edx.org/course/course-v Submit You have used 2 of 2 attempts Show answer Problem PS5.1.4 1 point possible (graded) Shelly owns a bookstore, where she earns all of its accounting profits in addition to a $30,000 a year salary she pays herself. Last year, her bookstore's accounting profit was $50,000. Shelly has a standing offer of $35,000 a year to write for Penguin Publishing, and if she had invested her capital outside her company, she would have earned $22,000 that year. What was Shelly's economic profit? Submit You have used 0 of 2 attempts Problem PS5.1.5 3 points possible (graded)Your firm specializes in recycling used plastics into consumer goods. You have three production opportunities: 1. You can produce plastic utensils for a revenue of $30,000 while production will cost $15,000. 2. Alternatively, you can produce lampshades: you calculate that at the optimal production, you expect to sell 2,000 lampshades every year at $10 each, and your average total cost per lampshade will be $2. 3. You also have the option to shut down your factory and produce nothing at a cost of $1,000 a year. Which opportunity do you choose? You produce plastic utensils You produce lampshades You shut down What is your accounting profit? What is your economic profit

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