Question #5: This question contains two parts and they are independent to each other. EaLLl: During a year of operation, a rm collects $450,000 in revenue and spends $100,000 on labor expense, raw materials. rent and utilities. The rms owner has provided $750,000 of her own money instead of investing the money and earning a 10 percent annual rate of return. The accounting costs of the rm are The opportunity cost is Total economic costs are 515 Accounting prots are Economic prots are see} 9999 EaLLZ: Higher personal taxes in the U.S. will affect personal disposable income which in turn will affect the domestic demand tor goods and services. Costs of production however continue declining resulting from outsourcing overseas. What do you expect the U.S. output and prices in the near future. Assume we are moving lrom the old equilibrium to a new equilibrium. Please state clearly your assumptions and include a graph to support your