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The city of New Orleans has 200 advertising companies, 199 of which employ designers of normal ability at a salary of $100,000 a + year.

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The city of New Orleans has 200 advertising companies, 199 of which employ designers of normal ability at a salary of $100,000 a + year. The companies that employ normal designers each collect $500,000 in revenue a year, which is just enough to ensure that each earns exactly a normal profit. The 200th company, however, employs Janus, an unusually talented designer. Because of Janus's talent, this company collects $1,000,000 in revenue a year. a. How much will Janus earn? Instructions: Enter your response as a whole number. $ per year. Book How much of her annual salary will be economic rent? Instructions: Enter your response as a percentage rounded to the nearest whole number. rences %. b. Will the advertising company for which Janus works be able to earn an economic profit? Yes, because the company earns far more than other companies. O Yes, the company has the best designer. O No, because Janus is the only employee in the company. O No, because the additional revenue she brings in, which is economic rent, becomes part of her salary

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