Question 1 - Jara has opened a consignment record shop. To capitalize the venture, Jara borrowed $5,000 from her parents at zero interest.Her monthly sales run approximately $1,500, of which half is returned to the consignees. Rent on her space is $1,000 per month. Utilities, taxes, and other monthly overhead run another $300 per month.

First, what is the "accounting profit" associated with this business?

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Second, should Jara include the opportunity cost of her time in computing "economic profit"? Explain.

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Third, should Jara include the loan from her parents in any way in computing "economic profit"? Explain.

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Fourth, how do you suspect Jara is doing with respect to "economic profit"?

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Please help me with this question. It does have four parts, but I am really stuck on them. This is for my general economics class. Thank you in advance, you are a lifesaver!