Linda sells 100 bottles of homemade ketchup for $10 each. the cost of the ingredients, the bottles, and the labels was $700. in addition, it took her 20 hours to make the ketchup and to do so she took time off from a job that paid her $20 per hour. linda's accounting profit is while her economic profit is

R& m chatelaine is one of the largest tax-preparation firms in the united states. it wants to acquire the tax experts, a smaller rival. after the merger, chatelaine will be one of the two largest income-tax preparers in the u.s. market. what should chatelaine include in its acquisition plans? it should refocus its attention from the national to the international market. in addition to acquiring the tax experts, it should also determine the best way to drive independent "mom and pop" tax preparers out of business. chatelaine will need to explain to the federal trade commission how the acquisition will not result in an increase in prices for consumers. chatelaine should enter a price-based competition with its other major competitor to force it out of business and become a monopoly.