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3. Daniel is considering the cost of running the business and whether or not he should quit his day job as a customer service specialist earning $45,000 annually. To help Daniel make this decision, answer the following: . Categorize the economic costs below as fixed or variable in the short run. Explain your rationale for each one and whether or not they will differ in the long run: . Rent . Wages . Raw materials . Energy costs . Phone and internet services . Complete the Daily Production Cost Schedule tab in the Financial Data spreadsheet to determine the annual profit/loss of Daniel's business based on profit-maximizing production. Include the following in your response: . What is the annual profit/loss of Daniel's business? . What is the profit-maximizing production level? Explain the process you followed to determine the profit-maximizing production level (quantity). . What would happen if Daniel produces above that amount? . Using your findings above, determine whether or not Daniel should quit his job as a customer service specialist, referencing the concepts of opportunity cost and economic profit. Assume Daniel operates his factory five days a week and works as a customer service specialist five days a week as well