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 firms that employ designers of normal ability each collect $500,000 in revenue a year, which is just enough to ensure that each earns exactly a normal profit. However, the 200th company employs Janus Jacobs, an unusually talented designer. Because of Jacobs's talent, this company collects $700,000 in revenue a year. a. How much will Jacobs earn? Instruction: Enter your response as an integer value. $ per year. What proportion of his annual salary will be economic rent? Instruction: Enter your response as a percentage rounded to the nearest whole number. %. b. Will the advertising company for which Jacobs works be able to earn an economic profit?

	Yes.
	No.