Suppose that an individual can set up and run a business by spending $10,000 in various inputs. The revenues he obtains amount to $15,000. The funds he makes use of to start his firm could have been applied in the stock market instead where he would have earned $1,000 in the same time period. Finally, he declined to work for a relative in exchange for $2,000 in order to attend to his own business. a) What are the economic and accounting profits this individual experiences? Explain. b) How much would this individual's relative have to offer him so that the former obtains normal profits in the course of operating his business? Explain.