Recall Ima Baker who runs her own bakery specializing in cheese cakes. Consider a month in her life. Every month she pays $5,000/month in rent to Properties Unlimited for a store-front bakery shop. She also rents a special oven for $200/month from Grand Rental Station. Ima has also borrowed money from HSBC Bank to buy a fax/printer/copier. This fax/printer/copier does not depreciate when Ima uses it. Ima took out a loan from HSBC to buy the super-duper fax/printer/copier at an interest rate of 5% per month. The machine cost $1,000 to purchase. Ima borrowed the entire amount and does not pay back any principal. She only pays HSBC interest every month. Ima also uses her own garage to store cream cheese. Her garage is nice and could easily be rented out for $200/month in the real estate market. Ima uses cream cheese she buys from Tops and her own labor to make her cheese cakes. The table below shows the relationship between number of hours Ima works on baking cheese cakes and how many she can bake. It also shows the number of pounds of cream cheese Ima must use as a function of how many cheese cakes she bakes. Cream cheese sells for $2/pound at Tops. The maximum number of cheese cakes she can make a month is 1100. Ima also happens to be a financial wizard and knows a lot about corporate financial statements. Bank of America is interested in Ima's expertise and offers to pay her $100/hour to review their ledgers and do consults for their legal battles. She would get paid $100/hour for each hour of consulting she does instead of baking.

a) Fill in the cost table below. For the table below assume all cost concepts refer to economic cost. So add together the implicit and explicit costs from above and calculate the other costs we ask for. plot mc at q= b. Graph what we called "The Cost Graph". a) Fill in the cost table below. For the table below assume all cost concepts refer to economic cost. So add together the implicit and explicit costs from above and calculate the other costs we ask for. plot mc at q= b. Graph what we called "The Cost Graph