Two business students are considering opening a business selling hamburgers next summer. The students view this as an alternative to taking summer employment with a local firm where they would each earn 3,000 during the three-month summer period. It would cost 2,000 to obtain a licence to operate their stand, 1,000 per month to rent the stand with the necessary equipment and 100 per month for insurance. Petrol costs are estimated at 10 per day. Hamburger meat can be bought for 4.00 per kilo and buns ( ) cost 1.20 per dozen (10 pieces). The burgers would sell in 125 gram patties for 1.50 each. a. Find the accounting cost for the proposed business if they sell 100 burgers a day? b. Find the economic cost function for the proposed business if they sell 100 burgers a day? c. If the students can sell 100 burgers a day, What is the economic profit they would make in the three months (91 days). Advise them whether they should enter the business or not