Question: 1 . Raj opens up a lemonade stand for two hours. He spends $ 1 0 for ingredients and sells $ 6 0 worth of

1. Raj opens up a lemonade stand for two hours. He spends $10 for ingredients and sells $60 worth of lemonade. In the same two hours, he could have mowed his neighbours lawn for $40. a).(10 points) Calculate Rajs accounting profit.b).(10 points) Calculate Rajs economic profit.

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