Aji Fatou owns a rental space in New York and is thinking of opening a restaurant...

 

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Aji Fatou owns a rental space in New York and is thinking of opening a restaurant in that space. The total cost of operating the restaurant is C(Q) = 20Q, where Q is the number of customers at the restaurant in a day. The market demand for restaurants is Q = 100 - p. Aji Fatou has the option of leasing out this space instead of opening a restaurant. The market rent for her property is $600. If Aji Fatou is operating as a perfectly competitive firm. What is Aji Fatou's Accounting profit (please put your answer in numerical value with no dollar sign, comma, or decimal place). Her Economic Profit is (please put your answer in numerical value with no dollar sign, comma, or decimal place). Aji Fatou has maximized the total surplus in this market. (please put your answers as true or false, lower case only) Aji Fatou owns a rental space in New York and is thinking of opening a restaurant in that space. The total cost of operating the restaurant is C(Q) = 20Q, where Q is the number of customers at the restaurant in a day. The market demand for restaurants is Q = 100 - p. Aji Fatou has the option of leasing out this space instead of opening a restaurant. The market rent for her property is $600. If Aji Fatou is operating as a perfectly competitive firm. What is Aji Fatou's Accounting profit (please put your answer in numerical value with no dollar sign, comma, or decimal place). Her Economic Profit is (please put your answer in numerical value with no dollar sign, comma, or decimal place). Aji Fatou has maximized the total surplus in this market. (please put your answers as true or false, lower case only)