Fay runs a hot dog cart at the sports stadium. fay has no skills, no job experience, and no alternative employment. entrepreneurs in the hot dog cart business earn $12,000 a year. fay pays the rent of $2,000 a year, and her total revenue is $15,000 a year. she borrowed $1,000 at 10 percent a year to buy equipment at the end of one year, fay was offered $600 for her business and all its equipment. a. fay's explicit costs? b. fays' implicit costs? c. fay's economic profit in first year is?

Heather has been an active participant in a defined benefit plan for 19 years. during her last 6 years of employment, heather earned $42,000, $48,000, $56,000, $80,000, $89,000, and $108,000, respectively (representing her highest-income years). calculate heather’s maximum allowable benefits from her qualified plan (assume that there are fewer than 100 participants). assume that heather’s average compensation for her three highest years is $199,700. calculate her maximum allowable benefits.